Labour shortages in the construction industry are leading to increases in wages with industry wages up by more than 6% in 2015, according to the UK Construction Market Survey commissioned by the Royal Institution of Chartered Surveyors (RICS).
In a statement the RICS commented, “While workloads are still growing at a relatively healthy pace, labour shortages in the construction sector are causing delays at different stages in the development process and these are leading to significant problems with project planning. More than 60% of our survey respondents said that these resulting planning delays were an impediment to growth.
“That said, industry wages are becoming increasingly attractive, and hopefully over time this will encourage skilled workers to return to the construction sector, as well as drawing school leavers and graduates towards construction industry careers.”