Many construction companies are failing to give their staff any formal training opportunities, a new survey of 1,600 construction workers shows. Only 17% of respondents stated that they had received any training at all in 2014, and nearly a quarter received no benefits at all. Nearly half of respondents said that they had received a pay rise in the past year, and 28% of employees said that their employer had granted them a bonus.
A survey carried out by YouGov on behalf of recruitment agency Reed, also looked at the career priorities of construction workers. Over a third of workers stated that job satisfaction was their main career priority, but this result changes with age. For construction workers in the 18-24 age bracket, salary and benefits were most important to them. 25-34-year-old workers wanted job satisfaction above all over career priorities. Work-life balance was seen as most desirable by 35-44-year-olds, while the 45-54 age group valued salary and benefits above other priorities. For over 55s, job satisfaction and work-life balance were equally important, with 32% choosing each category.
Although 76% of respondents said that they were satisfied in their current role in the construction industry, nearly two-thirds said that if they had the opportunity to choose their career path again they would have gone down a different route.
This survey is an important reminder that employee satisfaction is integral to the success of construction companies. As skill shortages deepen, it is vital that employers are able to improve staff retention rates and build a strong team for the future. Accounting software for builders can help you keep a closer eye on your budget and enable you to distribute bonuses and pay rises with more confidence. Arrange a free software demo with the Integrity team today.