Overcoming Construction Labor Shortages to Grow Your Business

Abstract

Construction is booming, so more workers are needed to help meet the industry's high labor demands. Many construction companies struggle to find and retain a top-notch labor force. The construction labor shortage and escalating inflation are causing stress and working capital difficulties for specialty contractors. While labor shortages may seem like a people problem, they're a cash flow issue too. So how are construction companies overcoming these labor shortage challenges? Polanco Business Solutions CEO Alberto Polanco financed materials through Levelset, which freed up cash for other expenses - like payroll. Despite labor shortages, Material Financing helps contractors take control of their businesses and finances, allowing them to put money in the areas that need it most. Contractors can overcome the current labor shortage with the proper tools and support.