Economists Predict Surge Growth in the Industry for 2019

Posted October 28, 2015 by axiscapitalgrp

The industry of construction has been gaining power ever since the turn of the century.
The times of the great recession in which the industry has been wounded badly has now healed. Nowadays, while you are driving to school or towards the office, it will be impossible not to notice the construction boom in every place. The industry is now struggling to keep up with the demands with literally thousands jobs to spare and not enough applications available.

The United Kingdom is also struggling with the scarcity of employees resulting to a job offer of almost £40,000 for each qualified worker hired. Yet, there just seemed to be none interested. Same issue is being faced in other parts of the world. Even in the developing countries of Indonesia and the rich nation of Singapore, the lack of workers remains unsolved. Jakarta, one of the most populated capitals of the world, continue to advertise their job offers but with the marketing dwindling and the applicants not having that much qualification and skills, the issue continues. Added to this fact is the negative impression and the bad reviews of the job being all manpowered and full of dirt which makes those qualified turn their back from it.

Far from what many people complain of, administration jobs are also available in the industry. Take for example one of the companies in this sector which has a far different nature of job description than ‘dirty dirt works’. Selling and renting capital equipment through their own port in Singapore, Axis Capital Group does not require a lot of manpower as they, like other existing companies in today’s generation, have been dependent to technology in their transactions and business. If need arise of hauling and transporting equipment from one port to another, there are certain giant tools to do the job. Yet, the company is also experiencing applicants’ reluctance in entering this kind of field.

Economists continue to predict the bright future for the construction industry, half-hoping that the issue of employee scarcity be solved through the invention of machineries which can replace manual tasks and finish the job in much more faster pace than humans.

2019 seemed to be a prospecting year for the industry to really go beyond and above what is expected. With the surging growth of green construction, it can even get support from cause sensitive groups and organizations. Moreover, buildings and more roads are said to be the lead in projects.
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Contact Email [email protected]
Issued By Reynolds White
Country Singapore
Categories Business , Industry
Tags Axis , capital , Group , review , equipment , Heavy , rentals , jakarta
Last Updated October 28, 2015