PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1249909
PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1249909
Skilled Labor Shortages Impact Smart Homes and Intelligent Buildings
Some smart infrastructure projects, including smart buildings and smart homes, will improve performance and reduce environmental impacts with purpose-built controllers, sensors, and smart machines. While homeowners can install some smart home projects, many more of them, and all smart building projects, require skilled labor for installation and maintenance.
The "Great Reshuffle" in labor brought on by the coronavirus pandemic has worsened an already existing skilled labor shortage, but its origins can be traced to government policies from the 1980s, when the workforce associated with creating goods declined precipitously. Accepting the status quo-the lack of skilled workers in construction-will blunt the impact of many desirable government programs, public-private partnerships, and private efforts associated with installing smart systems. This will, in turn, jeopardize the timeframes for installing these systems and make some projects unviable, financially.
This Guidehouse Insights study identifies a range of ways to overcome this undesirable situation. It suggests that hiring organizations increase wages across the board for construction workers. Analysis shows that real wages for construction have decreased in the past decade despite increasing demand and worsening skill shortages. It recommends that construction subcontractors who make up much of this labor force, abandon conventional HR practices and focus on nurturing employee loyalty from all productive employees.
Table of Contents
Spark
Context
Recommendations
Labor Shortages Have Been Decades in The Making and the Coronavirus Pandemic Has Made the Situation Worse
The Problem of Employee Shortages from the Coronavirus Pandemic Is Well Known
Employers of Skilled Professionals Have a Greater Challenge
The Current Labor Situation Is Acute for Construction Companies
The Skilled Labor Shortage Is Not a New Problem
The Skills Involved in Smart Infrastructure Are in Short Supply and Increasing Demand Will Worsen the Shortages
Installing and Maintaining Building Automation Systems Requires Both Physical and Computing Skills
Skill Level Needed for Most Smart Home Jobs Is Significant
Challenging Conventional Wisdom Is Necessary to Avoid Large Delays in Implementing Smart Infrastructure
Organizations Must Plan to Pay More for Labor
Contractors Should Eliminate Personnel Policies That Inhibit Retaining Productive Employees-Including Those at The Low End
Building Owners and Operators Should Consider Outsourcing the Resources to Build out Smart Infrastructure
Smart Infrastructure Manufacturers Should Develop Products that Enable Less-Skilled Labor to Install and Commission Their Offerings
New Home Builders Should Invest in All the Technology Associated with Smart Homes
List of Tables
Smart Commercial Building Automation Systems and Other Connected Systems
Level of Skill Needed to Integrate Elements into a Smart Home
List of Figures
- Commercial Building Automation Revenue by Segment: 2022-2031
- Smart Home Device Revenue by Technology, World Markets: 2022-2031
