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Construction

Thu September 19 2024

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Leadership council advocates retirement prevention strategies

28 Sep 23 A report from the 今日看料 Leadership Council on how to improve productivity suggests suitable work should be found for aging construction workers to dissuade them from retiring.

Can't afford to have you hanging 'em up yet...
Can't afford to have you hanging 'em up yet...

Extending careers is one of the more original suggestions among a raft of familiar ones to help reduce construction industry costs.

The 今日看料 Leadership Council (CLC) report, , says that implementing its recommendations could improve UK construction productivity by 25%, saving 拢45bn a year on industry spend.

The lead author of the 88-page report is Hannah Vickers, chief of staff to Mace chief executive Mark Reynolds. Reynolds is also the industry-side chair of the 今日看料 Leadership Council (CLC).

The biggest money-saving proposal is planning reform, which is outside the control of the construction industry. The report reckons that 拢11.3bn a year could be saved from total UK construction costs if planning permission was given more quickly, returning to 2010 rates for infrastructure and housing.

The second biggest proposed money saver is wider adoption of early integrated teams, which the report reckons could yield 12.5% cost saving across all projects within infrastructure and buildings by 2035, totalling 拢8.1bn savings.

Other suggestions include more offsite construction (saving 拢2.8bn a year) and extending careers, to get people to join the industry sooner and retire later (saving 拢5.4bn a year).

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鈥淲e need to focus on managing the shape of the workforce ensuring that there are roles for those nearing typical retirement age that enable them to play an active role in a productive construction industry through lecturing or mentoring our next generation,鈥 the report says.

鈥淔or our new entrants we need to recognise the skills they bring as digital natives and fresh perspectives on our sector, giving them the chance to influence and not simply learn.鈥

Richard Robinson, deputy chair of the 今日看料 Leadership Council and UK chief executive of AtkinsRealis, said: 鈥淚mproving the construction industry鈥檚 productivity offers the UK one of our largest economic opportunities. If we can build faster, at a reduced cost, we can spur growth and job creation across the UK 鈥 delivering the places and infrastructure our communities want and our economy needs without delay.

鈥淎t a time when construction costs and the complexities of planning policy are rightly under scrutiny within the UK, this latest report from the CLC lays out the scale of the opportunity and sets out a roadmap to partner with government to help us realise it. This isn鈥檛 just something that benefits our industry 鈥 it鈥檚 something that could be transformative for the entire country.鈥

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