The Construction Talent Retention Scheme – Protecting workers in Construction
The Construction Talent Retention Scheme – Everything you need to know
The Construction Talent Retention Scheme was announced by Chancellor of the exchequer, Rishi Sunak. The aim of the scheme is to protect workers in the construction industry as the UK begins to rebuild itself and emerge from the COVID-19 pandemic.
The Co-Chair of the Construction Leadership Council (CLC), Andy Mitchell said: “This is a great example of what we can achieve when we work collaboratively with government and we look forward to continuing in this spirit when the proposals and recommendations of our broader Roadmap to Recovery are published. In the meantime, we will work with our members and industry stakeholders to encourage the scheme’s use and success.”
How will the scheme work?
The Construction Talent Retention Scheme is due to launch, formally, later this month. The scheme will be in the form of an online portal that will work to protect those who work in the construction industry. The portal will do this in the following ways;
Companies can use the portal to advertise open vacancies and employ workers that may be at risk of redundancy.
Help construction projects
The portal will help to place at-risk workers on construction projects to prevent a loss of talent in the sector.
Inter-trading with talent
The Construction Talent Retention Scheme system will also allow businesses to “loan” workers to other companies who can utilise their skills.
Transfer workers into construction
The system will aim to help workers from different industries to transfer to the construction sector. This means that workers who have lost jobs, or who are at risk of being made redundant, will have a route into a new career.
The foundations of the Construction Talent Retention Scheme are based on a tried and tested model. A similar scheme has been used previously to safeguard workers in the aerospace and automotive industries.
The Chief Executive for the Association for Consultancy and Engineering, Hannah Vickers said: “This is a proven solution with a strong track-record in other sectors, cross-industry support and pledges from our leading employers. It is vital we keep the skills in our sector to avoid a talent drain and is the only way we will be able to ramp-up activity to lead the recovery of the wider economy and deliver growth through new buildings and infrastructure.”
Funding for the scheme has been secured until the end of the financial year. The platform will be free for any organisation to use.
Finding construction contracts
Are you currently looking for construction contracts in your field? Our Construction Tenders portal takes the headache out of the sourcing process.
Finding new contract opportunities is a full-time job. We know because we have a dedicated team who do this daily to ensure your business never misses an opportunity.
Book a free live demo to tour the system and see how the portal can help your construction business.
We source tenders for services including;
Civil Engineering Tenders
Masonry and many more.
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