The business case for Construction 2025

 

Preventing work-related ill health makes good business sense...

 

• Research shows that the implementation of programmes to address work-related ill health can lead to substantial bottom line benefits and productivity gains, as well as preventing the economic burden of civil compensation claims against construction companies and their insurers.

 

• As a specific example, cost-benefit research on the construction of the London 2012 Olympic park and village project showed the benefits of programmes to prevent work-related ill health far outweigh the costs, with net benefits on the project estimated to be around £7 million.

 

• Currently, there are an unprecedented number of major construction projects in the pipeline and so the demand for construction workers is greater than ever. Yet just 46% of our sector’s workers remain in the industry until the age of 60 which compares unfavourably with other industries.  This statistic, coupled with an ageing workforce across all sectors, forewarns of a future employment crisis in construction. Changes made now will lead to longer, healthier and more productive working lives for our people, circumventing this skills shortage in the sector.