Rising wages and plentiful jobs have kept employees’ spirits high, but watch for signs of discontent, a new report says.
Employee happiness across industries has fluctuated in the last three years, amid challenges such as the COVID-19 pandemic and rising inflation. Nonetheless, employees’ happiness in construction has remained high for the most part. Still, a commercial jobsite is not always the easiest place to work. Construction work is full of hazards and the industry is known for its high suicide rate and high overdose mortality rate.
Construction’s happiness peaked in 2020, Bamboo HR found, as residential projects boomed and material shortages meant contractors had deep backlogs of work, bringing stability to workers. Meanwhile, legislation such as the CARES Act and the American Rescue Plan fueled the economy with more than $4 trillion in investments.
High demand for construction work from the Infrastructure Investment and Jobs Act also helped, as did rising pay: hourly construction wages reached a 40-year high last year.
Happiness has decreased slightly since the 2020 high, and the industry tends to see seasonal patterns of happiness, with lower scores after the fall season and increases as the year ends.