Tight Job Market for Executives Could Get Even Tighter
Authored by John Duffy, CLA Executive Search Consultant, John.duffy@claconnect.com
Even prior to the pandemic it was a very challenging market for C-Suite talent in the construction industry. Occupational data from such organizations as Emsi (See Note 1) was consistently showing the ratio of open C-level construction jobs to filled jobs at 3:1. During the pandemic this ratio increased in many job markets to 4:1.
The ongoing fallout from the pandemic, along with the recent passage of the Infrastructure Investment and Jobs Act, is expected to add further pressure to the job market. The additional infrastructure money going into the construction related economy can presumably only lead to further growth in the demand for construction hiring at all levels.
This is an excellent time for companies to review their succession plan and future hiring needs. A pre-established strategy helps you to seamlessly transition during your executive succession plan and lessen the disruption to your business.
At CLA Talent Solutions/CLA Executive Search we work with construction clients to help them with their succession planning strategies and hire the top talent that they need to help their business thrive. If you have any questions or need assistance with your succession planning/executive hiring needs, please reach out one of CLA’s talent solutions or executive search professionals.
Note 1 – Emsi data is a dataset derived from official government sources such as the Bureau of Economic Analysis and Bureau of Labor Statistics and is often cited in major financial publications such as Forbes and The Wall Street Journal.
- Julian Xavier
- Managing Principal of Industry- Construction
- CliftonLarsonAllen
- Walnut Creek, CA
Julian currently serves as the Managing Principal of CLA's construction industry and is based in Walnut Creek, California. He has over three decades of experience in the construction industry and currently spends his time serving clients in the construction and also providing direction to CLA's construction teams across the nation. He is a member of NASBP's CPA Advisory Council and sits on the AICPA Construction and Real Estate Conference planning committee.
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