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Construction Companies Invested $1.5 Billion in  Workforce Education

Construction Companies Invested $1.5 Billion in Workforce Education

July 12, 2023
Companies invested 8% of payroll on workforce development in 2022, in response to the need for more than half a million additional construction workers in 2023.

In 2022, Associated Builders and Contractors member contractors invested more than $1.5 billion to provide nearly 1.3 million course attendees with craft, leadership and safety education  according to its 2023 Workforce Development Survey

This number was down from $1.6 billion in 2021.

The annual assessment quantifies the scope of ABC members’ workforce development initiatives to advance their employees’ careers in commercial and industrial construction to build the places where Americans live, work, learn, heal and play.

Key findings include:

  • ABC contractors invested an average of 8.0% of payroll on workforce development in 2022, up from 7.4% in 2021, responding to the need for more than half a million additional construction workers in 2023.
  • Safety education for more than 700,000 course attendees accounted for the greatest share of spending, at 59%, up from 56% in 2021.
  • Trade and specialty contractors boosted their share of the total workforce development investment, growing to 42% in 2022 from 33% in 2021.

 “ABC member contractors are investing in flexible, competency-based and market-driven education methodologies to build a construction workforce that is safe, skilled and productive," said.Greg Sizemore, ABC’s vice president of health, safety, environment and workforce development. in a statement.

" Continually upskilling our people, our most valuable asset, means the merit shop construction industry is ready to build the infrastructure, manufacturing plants, data centers and other buildings that will keep America competitive in the global marketplace,” Sizemore added.

ABC’s all-of-the-above approach to workforce development has produced a network of ABC chapters and affiliates across the country that offer more than 800 apprenticeship, craft, safety and management education programs—including more than 300 government-registered apprenticeship programs across 20 different occupations—to build the people who build America.

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