On May 29, 2014, I had the opportunity to be on the Louisiana Business and Industry Show to discuss the skilled labor market challenges and the tools available to more effectively plan project labor and manage project labor risk.
We discussed the Construction Users Roundtable (CURT) efforts to aggressively address this growing challenge and how the Construction Labor Market Analyzer® (CLMA®) is using collaborative technology to assist. This remarkable tool is helping owners, contractors, unions and other industry stakeholders dynamically understand the skilled labor market in a collaborative environment and more effectively know how to employ risk mitigation strategies. As stated by Tim Johnson, the show’s host, the CLMA® is aligned with CURT and is a first-of-its-kind tool that provides skilled labor imbalance projections dynamically. The interview addressed frequently asked questions such as how the tool was developed, how it works to address the marketplace challenge, how it protects data, and where it is going in future development.
The following video includes the entire 30-minute show:
With the ability to see labor supply and demand by one or more states or as granular as a 25 to 250 mile radius from a zip code, the CLMA® shows, on a craft-by-craft basis, when and where skilled labor peaks will occur while simultaneously showing a baseline of supply. This enables more reliable labor risk evaluation and mitigation. In the upcoming version 3.0 of the CLMA®, there will be numerous enhancements including labor mobility tracking, demographic tracking, macroeconomic perspective for all outputs, project risk profiling, and much more.
Today the CLMA® represents over two-thirds of all annual non-residential construction spending nationwide and well over 70% in the industrial marketplace. To find out more or to set up a webinar, visit the CLMA® website and contact us today.
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