Last Updated on July 8, 2021 by Admin
Since the inception of constructionplacements.com, we have been continuously interacting with job seekers looking for construction jobs across diverse industries and geographies and trying to understand their outlook in terms of current job market, job security, career opportunities, salary offers and many other numerous parameters. While job seekers with more than 8 to 10 years of experience are mostly aligned with their career goals, we noticed that entry level construction job seekers are not only uncertain about their future but they are also distressed about picking construction sector as their career option.
One of the major reasons for the entry level job seekers to steer themselves away from construction jobs is the lack of cognizance about the current job market and future trends in construction jobs. As far as construction job opportunities are concerned, unfortunately, most job seekers are completely relying on erroneous inputs and stats provided by fake recruitment consultants or third party on-contract temp staffing agencies. And thus they are missing out the industry’s real mega trends and technologies that are shaping up the future of construction jobs.
McKinsey analysis, Bridging global infrastructure gaps, June 2016So for those who are dubious about their decision to prefer Construction sector as their careernchoice over other technology domains like IT or Electronics, we are presenting some facts and figures which will not only wipe out all the mind farms & fields where you have been industriously planting your questions & doubts about this sector but it will make you full of enthusiasm and you will definitely feel amazing to become a part of this rewarding career.
“Worldwide, capital project and infrastructure spending is expected to total more than $9 trillion by 2025, up from $4 trillion in 2012” – Capital Projects and infrastructure Spending outlook 2025
Infrastructure sector is a key driver for the global economy! This sector is not only ruling world’s growth story but also attracting immense attention from Government authorities as well as foreign investors! If you just look at the comparative figures of GDP forecasted by PwC, you will realize the enormous growth opportunities lying ahead for emerging seven countries of the world; China, India, Russia, Indonesia, Mexico and Turkey.
As major chunk of population is reaching to big cities to seek better employment opportunities, the mass migration is putting immense pressure on urban infrastructure creating unprecedented demands for mass transit, disaster management, housing etc. This pressure will bring numerous opportunities for construction professionals.
“If you don’t invest when your economy is growing, you may find yourself very quickly at a point where your runways and roads and ports and rail lines are choked.” – Richard Abadie, PwC’s global leader for Capital Projects & Infrastructure
If technology and infrastructure go hand in hand then we will also see more inventions like Hyperloop, Green Spaces, Eco Living, more land reclamation technologies etc. Also concepts like artificial intelligence, Internet of Things, Machine Learning, automation will change the overall dynamics of the industry as well as our perception about how we plan, design, execute and operate the infrastructure projects.
PwC, Cities of opportunity, Building the Future, Novembe 2013Another interesting dimension behind the success of this industry is the increasing amount of foreign stakeholders ranging from developers, private equity investors, EPC companies and consultants showing their interests in global projects. For example, under smart cities initiative, number of Indian cities will be developed by countries like Japan, Germany, Spain, UK and USA. This will not only create huge employment opportunities but many budding entrepreneurs can extract massive technological and financial gains from such global partnerships. The stakeholders will not only pour equities in smart city projects, they will also act as catalysts in churning the workforce skills sets and inventing new competitive elements which will help the workforce involve in such projects in the long run of their career.
So to recapitulate, there are huge opportunities within the underlying complexities of construction sector. It is very imperative for entry level job seekers to focus on key technology trends and to fill the knowledge gaps while simultaneously boosting the competencies so that they can dive into the largest and deepest ocean of opportunities and swim in the right direction towards fulfilling construction career.
References:
1) Siemens, PwC, and Berwin Leighton Paisner, Investor Ready Cities: How Cities Can Create and Deliver Infrastructure Value, 2014.
2) PwC, Five Global Megatrends, http://www.pwc.com/gx/en/annual-review/megatrends/index.jhtml.
3) Capital Projects and infrastructure Spending outlook 2025, PricewaterhouseCoopers LLP, researched by Oxford Economics
4) India: Transforming through radical reforms, ASSOCHAM India & EY, February 2017
5) McKinsey analysis, Bridging global infrastructure gaps, June 2016
