WANTED's Supply/Demand Ratios are constructed to maximize a job seeker's probability of finding employment:
- For a given occupation, which cities have the greatest demand for them?
- For a given city, which occupations are in most demand there?
Our S/D Ratios are an index scale centered around 100, with values greater than 100 indicating Hiring Demand that is greater than the national average. Sorting markets or occupations descending on the S/D Ratio maximizes a job seeker's chance of finding a job.
This week, we look at Construction Managers (Standard Occupation Code 119021). According to the Occupational Information Network (O*NET), Construction Managers are well versed in project management, must possess excellent communication skills, and must also have detailed knowledge of building codes and construction practices. Most Construction Managers have a bachelor's degree or higher, although this is not a formal requirement in many instances. It's also important to note that the Bureau of Labor Statistics lumps Construction Managers with "Management Occupations" (SOC 110000) – they are not part of the "Construction and Extraction Occupations" grouping (SOC 470000). The average annual salary for Construction Managers is almost $90,000, which indicates a high level of professional specialization.
We'll have to disagree with O*NET, however, on their claim that Construction Managers are "In Demand". In fact, according to WANTED Analytics, which tracks online job postings on over 1,000 employment websites, Hiring Demand for Construction Managers has been shrinking 2.6% a month on average over the past 4 years. On the other hand, Hiring Demand for all construction workers has deteriorated much faster, down 3.4% a month on average over the past 4 years.
Source: WANTED Analytics
All Entries