Understanding Your Labor Shortage Exposuresĭavid DeSilva, Head of Construction for The Hartford’s Middle & Large CommercialĪs noted, a lack of labor can lead to several risk exposures. Here’s a deeper dive into what’s going on in construction, the insurance implications of a labor shortage and how construction professionals can start to course-correct and bring on the skilled talent they need to thrive. Now with the Great Resignation in the mix, an aging workforce and low interest from younger professionals, the construction industry needs to act in order to attract and retain skilled talent and mitigate against risk. According to DeSilva, however, this was a growing concern pre-pandemic as well: “More workers were leaving the field than entering it, and firms were beginning to address the issues pre-pandemic.” It’s no doubt, either, that the pandemic has increased the need for laborers. “As an example, if a trade doesn’t have enough workers and laborers to complete the job, they may subcontract part of that or all of that work out to someone else.” And even this practice has its own risk implications to contend with. They may be going from self-performed to more subcontracted work,” DeSilva said. “When you think about shortages and some of the issues they can cause, there are job delays, reengineering of construction sequences, a shift in the business model. That would mean, the report estimated, an additional 650,000 workers. “Skilled labor shortages hinder the ability of construction companies to uphold the timeliness or contractual requirements with the owner or higher-tiered contractors.”Īn Associated Builders and Contractors analysis revealed the construction industry will need more than half a million workers above its current pace of hiring in order to meet demand. “Labor is a significant issue in today’s industry,” said David DeSilva, Head of Construction for The Hartford’s Middle & Large Commercial. For the construction industry, a labor shortage can contribute to delays in project completion, issues with quality control, increased builder’s risk costs and more. Arms also adjust outward from 12” apart to 21” to support different types of work: inward for keyboarding, outward for mousing.A lack of labor in any industry has many implications, from decreases in productivity to increases in workers’ compensation claims. The caster’s soft polyurethane tread gives the chair better traction and reduces noise on hard surfaces.Īrmless option allows the chair to fit easily under a desk or table, and supports a variety of activities that require freedom of movement.Īllows you to set the height of the chair arms from 6.5” to 11.5” from the seat to minimize shoulder strain. It is 2.5 inches in diameter and made of clear polycarbonate for distinctive appearance. The soft tread gives the chair better traction and reduces noise on hard surfaces.Ģ.5-inch Translucent Hard Floor or Carpet CasterĪ versatile caster that can be used on hard surfaces such as wood, ceramic tile, vinyl tile, or carpeted floors. It is 2.5 inches in diameter and is made of durable black nylon with a soft tread. Designed for use on low-to-medium pile carpet, such as commercial or Berber, this 2.5-inch diameter caster has wheels of durable black nylon.Ģ.5-inch Standard Hard Floor or Carpet CasterĪ versatile caster that can be used on hard surfaces such as wood, ceramic tile, vinyl tile, or carpeted floors.
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