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.