Productivity development in the construction industry and human capital: a literature review
Tis paper is a literature review focusing on human capital, skills of employees, demographic change, management, training and their impact on productivity growth. Intrafirm behaviour has been recognized as a potentially important driver for productivity. Results from surveys show that management practices have become more structured, in the sense of involving more data collection and analysis. Furthermore, a strong positive correlation between the measured management quality and firm performance can be observed. Studies suggest that there is a positive association between management score and productivity growth. The lack or low level of employees' skills and qualifications might be in different ways a possible explanation for the observed slowdown of productivity growth. The main reason for the decline in skilled labor is the demographic change. Construction sectors are increasingly affected by demographic developments. Labour reserves in construction are largely exhausted. Shortage of qualified workforce is impacting project cost, schedules and quality.
Code (0)
등록된 구현이 없습니다.
Tasks
ManagementSimilar Papers 제목 키워드 기반
Reduction of Excess Capacity with Response of Capital Intensity
Purpose: The objective of this research was to show the response of the potential reduction of excess capacity in terms of capital intensity to the growth rate of labor productivity in the manufacturing industrial sector…
The Role of Agricultural Sector Productivity in Economic Growth: The Case of Iran's Economic Development Plan
This study provides the theoretical framework and empirical model for productivity growth evaluations in agricultural sector as one of the most important sectors in Iran's economic development plan. We use the Solow resi…
ManagementTime SeriesTime Series AnalysisMinimum wage and manufacturing labor share: Evidence from North Macedonia
The objective of the paper is to understand if the minimum wage plays a role for the labor share of manufacturing workers in North Macedonia. We decompose labor share movements on those along a share-capital curve, shift…
Impact of Artificial Intelligence on Electrical and Electronics Engineering Productivity in the Construction Industry
Artificial intelligence (AI) can revolutionize the development industry, primarily electrical and electronics engineering. By automating recurring duties, AI can grow productivity and efficiency in creating. For instance…
Social capital and small business productivity: The mediating roles of financing and customer relationships
How does an entrepreneur's social capital improve small informal business productivity? Although studies have investigated this relationship, we still know little about the underlying theoretical mechanisms driving these…
Survey