The average construction industry wage for workers rose by 6% in 2015, according to the Royal Institute of Chartered Surveyors. This rise is significantly higher than the average increase for UK workers in general (2%), and it proves that construction is one of the most lucrative career choices for British workers at present.
Why have construction industry wages risen so much?
Construction industry wages have risen because the demand for skilled construction workers is particularly high at the moment. This is due to the desperate skills shortage that Britain is currently experiencing; simply put, there aren't enough competent professionals in the country to cover all the work that's currently available to them.
(Furthermore, with an EU referendum on the horizon, many are concerned that the shortage could soon get even worse - if Britain were to leave the European Union, it would be harder for new workers to enter the country from elsewhere in Europe.)
This shortage has allowed the UK's construction workers to take on more jobs and charge higher prices, further increasing the construction industry wages. A recent survey
showed that the majority of construction firms (61%) reported "a sharp rise in wage costs" for 2015.
Which skills are most in-demand?
are reportedly hardest to come by at the moment, but the skills shortage is an industry-wide problem, and more or less all construction industry workers are earning higher wages because of it. Winter is a particularly busy time for plumbers
; you may remember that we wrote a blog post about this matter last month
Should I be worried about this?
It depends on who you are. You've probably heard about the housing crisis that's currently affecting parts of London and Southern England, and the construction skills shortage certainly isn't helping on that front; many of the government's housebuilding plans will be thrown into turmoil if Britain fails to find more builders soon.
It may also be a problem if you yourself need any work done - as previously mentioned, the skills shortage has enabled contractors to charge significantly higher rates for each job, so be prepared to get your wallet out!
However, the skills shortage could be very good news indeed if you're planning to join the construction industry. With demand outstripping supply by such a wide margin, this is a golden opportunity for those looking to retrain and start a new career - that gap in the market needs to be filled, and there's money to made if you can do so.
If you'd like to gain the qualifications necessary to become a professional construction worker, we at Access Training can help. Contact us for details, or select one of the following course options to learn more: