The Expert Podcast

• Introduction:
  In prior videos, we've talked about the difficulties in the construction industry for building new homes, remodels, or additions due to supply chain and labor issues. A common question arises regarding labor issues: is the pay rate sufficient to attract and retain skilled employees?
• From a Worker Perspective:
  What is the correct amount that contractors and companies should be paying? Share your thoughts in the comments below about what you believe a fair and appropriate labor rate should be.
• Different Roles and Perspectives:
  Let's examine this from a few angles:
  • What is your role in the construction industry?
    Are you a framer, electrician, plumber, sheetrocker, painter, or another skilled trade?
    What should the labor rate be for your specific role?
• Pay Rate for Quality Employees:
  Employers need to understand what it takes to get skilled tradespeople to show up and stay dedicated. Share in the comments if underpaying is the reason why companies struggle to attract quality workers. What is a good, solid wage for these roles?
• Geography and Skill Level:
  Keep in mind that some regions may have different rates based on geography and the skill set required. For example, licensed, experienced electricians will command higher rates than framers or sheetrockers. Yet, all skilled trades have significant value in the construction industry.
• Informal Poll:
  Let us know what is being offered in your area for labor rates. This helps the construction industry understand where the gaps exist and what is needed to bridge them.
  Skilled, experienced tradespeople are valuable assets—what is the magic number that would attract and retain them for employers?
• Call to Action:
  Share your role, geographic area, and the labor rate you believe is appropriate for skilled tradespeople. This informal poll aims to gather insights for a more competitive and fair labor market in the construction industry.