If you have followed the news during the last few years, then you know that employees in many industries are leaving their jobs in droves. Nationwide, the construction industry is also experiencing an unusually high rate of worker loss.
Exiting employees, combined with the ever-present possibility of construction litigation, puts New York contractors at risk of business harm or closure. Finding a means of mitigating both risks (worker loss and litigation) can improve your business reputation, possibly leading to more and better projects.
Why are workers leaving the construction industry?
It is a strange time for construction workers to walk away from the industry. Research indicates that the construction industry began booming in 2022, so why would employees exit a steady source of income? Here are a few of the reasons:
- Lack of adequate pay
- High risk of short-term and cumulative injuries
- Lack of employer support
- The recent rise in worker fatalities
- Lack of skill and career development opportunities
Some workers also say they are leaving construction because it is either overregulated or underregulated, presumably depending on their region.
What can you do to prevent worker loss and litigation?
You would probably rather lose a few workers than face an employment litigation claim but changing your business operations may lower both risks. Suggestions include:
- Ensure you offer a fair pay rate
- Provide opportunities for workers to learn and advance
- Create safety training programs to reduce injury and fatality risks
- Provide employees with industry-approved personal protective equipment
- Learn as much as possible about mandatory construction regulations in your region
When you meet the needs of your workers, your risk of losing them will likely decrease significantly. It may also lower the chances of employees initiating litigation against your contracting business. Learning more about New York construction law and litigation can also reduce your overall risk.