Amid technological advancements, changing workforce dynamics, and evolving safety standards, the skilled trades industry must be agile and ready to tackle not only today’s challenges, but tomorrow’s.
To sharpen their competitive edge, it’s critical that professionals and their organizations keep a finger on the pulse of trends shaping the sector. Results from a National Fire Protection Association (NFPA) survey bring to light three trends that will guide the skilled trades industry in 2024: technology, labor and continuous education.
Tech Integration: A Key Priority for 70 Percent of Skilled Workers
Across the industry, we’re seeing widespread agreement among tradespeople regarding the importance of integrating technology and evolving alongside it. In fact, nearly half (46.4 percent) of employees identified tech integration (the use of technology in daily tasks) as a critical skill for future success.
When asked to predict top challenges at work in 2024, 39 percent of skilled tradespeople noted a lack of knowledge sharing and collaboration on the job site. Technology can help solve this problem. Digital tools are expected to play a pivotal role in enhancing communication methods, with 46 percent of participants acknowledging their significance. Moreover, 28 percent believe that technology will contribute to improved accuracy and safety on day-to-day operations.
One of the most promising findings is the enthusiasm for embracing diverse tools on the job site, with 70% expressing interest. This shift signifies a growing openness among skilled tradespeople to explore and adopt innovative technological solutions, setting the stage for a tech-integrated future.
Skilled Labor Shortage: A Looming Concern for 2024
While technology trends take center stage, the survey also highlights a persistent challenge in the skilled trades industry: the shortage of qualified hiring candidates. This lack of skilled labor means knowledge and experience are leaving organizations faster than they can be replaced. It also means businesses must invest more resources into training and onboarding. A significant 53 percent of respondents predict this shortage to be a top challenge in 2024—an increase from 45 percent the previous year. Additionally, 30 percent are concerned about the wave of co-workers retiring within the next year.
As organizations grapple with the scarcity of skilled labor, strategic shifts in budgeting are expected. In 2024, 40 percent of respondents anticipate focusing their budgets on increased hiring 24 percent on increasing training for employees. This data underscores the urgent need to address workforce shortages by investing in hiring and training initiatives.
Trainings and Certifications: Elevating the Workforce
Amid the challenges, there is a silver lining—professionals in the skilled trades are committed to continuous growth and excellence. Over half of respondents (51 percent) plan to upskill through increased trainings in 2024, while 42 percent aim to pursue additional certifications. Certifications are seen as valuable assets, with 52 percent citing increased confidence, 49 percent experiencing career upskilling, and 35 percent finding success in hiring and retention as a result of certifications. These forms of continuing education help workers stay up to date in their knowledge and keep them mobile in the gig economy.
Looking Ahead
The NFPA survey findings illuminate a sector that is not only aware of its challenges and opportunities but is actively taking steps to address them. As skilled workers embrace digital tools, organizations strategize budget allocations, and professionals invest in continuous growth, the skilled trades are poised for a year of innovation and sustained success.