Small and medium sized construction companies must act now and invest in training and recruiting a quality workforce if they are to compete with the recruitment drives expected from large companies in the run-up to the London Olympic in 2012, property experts at accountants PKF are warning.
Simon Littlejohns, PKF's property and construction partner in Birmingham, said: "The Olympics is expected to create 33,500 extra construction jobs over the next seven years. However, a trained workforce needs to come from somewhere and demand is likely to outstrip supply.
"Smaller construction businesses might find they are missing out to larger competitors when recruiting quality staff, as the larger companies can pay more and offer more 'glamorous' jobs to work on. On the positive side, an influx of skilled workers should eventually help to plug the skills shortage we currently have in the construction sector."
PKF is predicting a miniboom in construction in the South-east, as work usually won by the larger construction firms is passed on to the smaller businesses that are not chasing Olympic contracts.