Moving forward with technology and putting the pedal to the metal
Perhaps the need for digitization in an industry that has been historically slow to adopt is now greater than ever, to establish a competitive edge that will conquer come-what-may. Inefficiency is a concern no business should suffer when technology is so readily available to help streamline everyday operations like scheduling, job costing, time tracking and payroll.
And despite the levies and trade uncertainty, consumer spending and business sentiment remain high, according to the latest RBC Economic Outlook Report, with the last hurrah expected before the year wraps.
Statistics Canada reported the utilization rate in the construction industry exceeded 92% in the first quarter of 2018, the highest since 1992, suggesting it is still enjoying a boom. The sector as a whole is expected to reach its projected 4% growth for the year.
In terms of career outlook, 36% of all respondents say hiring has either not been impacted or they have not seen it affected. In fact, 19% of those in supervisory or ownership roles continue to hire as planned, while 17% say jobs are secure, though promotions and pay increases may be put on hold.
Whatever the future holds, construction will continue to forge its way through it all. “The path will never be completely smooth sailing. But construction is made up of hardy folks. We’ll make it work like we always have,” says Skanes, epitomizing the industry’s mettle and nerves of steel.
*Methodology: TSheets commissioned Pollfish to survey 500 anonymous respondents (age 18+), throughout Canada, in the construction industry, to learn about the impact from recent tariffs. TSheets designed and paid for the survey and welcomes the re-use of this data under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original source is cited with attribution to “TSheets.”