In this presentation we will discuss what the state of the construction economy and employment will look like in 2017. Learn what your business can do about it and how to come up with a game plan.
2. What we are going to learn about:
2
OVERVIEW
• What is the state of the construction economy?
• What does employment look like in this economy?
• What can you do about it? What is your game plan?
• How PROCORE is helping.
3. 3
STATE OF TEXAS
• Employment on
the rise
• Highest
concentration in
Texas
5. 5
STATE OF TEXAS
• Average annual pay
is increasing
• All time record for
TEXAS
• Highest in this
region
• 4.1% increase since
last year alone
• Watch out for AR
6. 6
STATE OF TEXAS
• Massive increase in
new Private
Construction
companies
• Growth month over
month
• Aggregated 3.2%
since March 2015
• Projection will
continue
7. 7
STATISTICS ON LABOR POOL (NATIONWIDE)
White Paper survey from Advisen
(Construction workplace survey):
“Approximately what percentage of
your current workers are in each of
the following age groups?”
27% (30 - 39 year old)
25% (40 - 49 years old)
21% (less 30 years old)
19% (50 – 59 years old)
9% (60 years or older)
8. 8
TOP SOUGHT TALENT
• Existing talent is moving around for better prospects and better opportunity.
• 5+ year experience mark is highly sought after and can be hard to find
• 8-10 year experience mark is very rare to find and even more sought after
(consider the recession in ’08 as the reason there are less in the industry – the
left)
9. If you aren’t addressing the issue and creating an
employee-centric culture…
9
There is a skilled labor shortage.
10. What they are looking for:
10
Attract Talent
Innovation Technology Career
Opportunities
11. “With millennials, as with members of any generation, it’s far more
effective to find what motivates a person at the individual level.”
11
Understanding Millennials
Keep things
flexible
Emphasize
relationships
Extend trust, creativity
& individuality
13. Attract:
+ Use technology to attract (i.e. smartphones and devices that have relevant software)
+ Give them the space and the rope to demonstrate their inherent ability in this space
due to their age (i.e. they grew up with internet)
Retain:
To retain, you have to propagate a consistent message. The message has to be
meaningful and represent the meaning for which your company stands. The most
proficient, effective, and efficient method of communicating your message: technology
13
Where Technology Will Help
Change Everything
14. “I can tell you the upcoming generation who will be working in
construction management will WANT to use Procore. It’s extremely
frustrating to work with outdated construction management
software and Procore has opened my eyes to what it’s like to work
with a construction management software that keeps up with the pace
of work I like to operate at.”
– Lindsay Peitz, Procore power user at Walsh
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15. How Procore is Poised to Help You...
15
Procore for U Certifications Continuing
Education
Jobsite
+ News
+ Education
+ Community
+ Forum
+ Networking
+ Job boards
16. User-Centric
Listen to the
problems our
customers have.
Easy to Use
Develop easy-to-
use solutions to
these problems.
Time to Value
Ensure our clients
are able to use
these products
immediately.
PROCORE WAS BUILT ON THREE FUNDAMENTAL IDEAS:
Who we are
17. MOBILE
Connect Field and Office
View your project
from the same
perspective while
being in different
locations.
Our Platform was built based on four values
DRAWING-CENTRIC
Centralized Drawings
& Specs
With real time
updates, expect
more teamwork
and less rework.
COLLABORATIVE
Collaborate Anytime,
Anywhere
With unlimited user
licenses, everyone
can be part of the
conversation.
EXTENSIBLE
Connect All Your
Technology
Make the connections
that matter the most to
you in our App
Marketplace.