Labor Shortages and the Construction Industry: Why Specialized Accounting Matters

Contractor Success Forum

Have you ever had trouble finding good help? Can't find good qualified people? It's been tough in the construction market, but there are ways to find good help at a reasonable cost. Let’s break them down this week on the podcast.

On this episode, we discuss:

• The current state of the labor shortage in construction and accounting
• Why companies are struggling to find and retain good labor
• What happens when a construction owner tries to take on too many roles
• Outsourcing as a solution to the labor shortage
• If you do outsource work, make sure it's to a professional who knows your industry
• Support and nurture relationships with the people you count on most
• How to address higher salary expectations post COVID and the recession

LINKS
Visit the episode page at https://CarpenterCPAs.com/labor for more details and a transcript of the show.

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Chapters

1. Labor Shortages and the Construction Industry: Why Specialized Accounting Matters (00:00:00)

2. The current state of the labor shortage in construction and accounting (00:00:28)

3. Why companies are struggling to find and retain good labor (00:02:00)

4. What happens when a construction owner tries to take on too many roles (00:06:28)

5. Outsourcing as a solution to the labor shortage (00:07:45)

6. If you do outsource work, make sure it's to a professional who knows your industry (00:08:12)

7. Support and nurture relationships with the people you count on most (00:09:30)

8. How to address higher salary expectations post COVID and the recession (00:10:30)