It seems as though the COVID-19 pandemic has made the world spin off of its axis. Besides affecting everyday life at home, almost every industry has seen undesirable challenges, including the construction sector. However, this industry has shown to be one of the most resilient.
The construction sector contributes approximately $1.3 trillion to the economy. Unfortunately, this year, contractors have been forced to lay off workers, cancel projects, and heighten the costs of running their job sites. In addition, government shutdowns have made things very unpredictable. Although workers in this area have been noted as “essential,” job loss has been tremendous. According to the Associated General Contractors of America, metro areas saw a 58% loss through October of this year.
All of this can be blamed on the pandemic’s tragic effects on the financial status of businesses, governments, and other organizations. Despite the poor numbers, construction employment rates were higher than in other industries. Even though this year has provided a rocky road forward, construction has shown to be one of the better performing industries within this country’s economy. Thanks to commercial construction recruiters like The Newport Group, contractors were able to remain competitive and to hire high-end workers for vital projects.
Throughout the pandemic, industry leaders have been found to guard their positions. Although it is necessary to seek monetary government relief, it is vital to showcase the industry’s positive record so that future government shutdowns do not cause more headaches.
The numbers explain the situation. AGC released data that showed employment decreased in 58% of metro areas from October 2019 to 2020. A mere 109 metro areas increased construction projects during this time.
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The Newport Group is a leading executive recruiting firm with expertise in numerous industry verticals. We deploy proprietary data sets and meticulous processes to identify, recruit, place, and help retain blue-chip talent at leading companies nationwide. Turn the challenges ahead into competitive advantages alongside our help. Roles we’ve placed include Senior VP, VP of Operations, Sr. Construction Manager, and Operations Manager Telecom, to name a few.
Our team of recruiters is active in all sectors of real estate development, including production homebuilding, multifamily, commercial, retail, land, and asset, and property management. Construction verticals include commercial, civil, telecom, gas, power, pipeline, infrastructure, as well as environmental consulting and remediation. Ever strategic in our approach—we present talent that aligns with our clients’ strategic objectives.