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Beat the Clock: Develop Workers Now to Replace an Aging Workforce - www.forconstructionpros.com

According to a study released earlier this year by the American Institute of Architects (AIA), 69% of architect, engineer and contactor professionals expect a shortage of skilled workers over the next three years, with 32% anticipating a shortage of specialty trade contractors by 2014. In addition, 49% of general contractors are concerned about a shortage of skilled craft workers by 2017.

Such a shortage stems in part from an aging workforce. According to the “Talent Pressures and Aging Workforce Industry Report Series” conducted by the Sloan Center on Aging & Work at Boston College, of 58 construction firms surveyed, 50% indicated the aging workforce would “negatively” or “very negatively” affect their business — a figure significantly higher than other business sectors studied ("Aging Workforce Worries Construction Industry", CAWG.org). With baby boomers rapidly approaching retirement age, the industry faces a significant skills gap as fewer skilled workers are available to take their place.

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