Holdover Costs & Workforce Shortage White Paper
Solve Your Workforce Shortage Issues and Overstaffing Costs
Download the Free Holdover Phenomenon White Paper
With skilled workforce shortages at record levels, many contractors inadvertently fall victim to the “holdover phenomenon.” Holdover costs accumulate when you keep tier-two employees on your payroll, even when your tier-one employees can efficiently handle your current project workloads.
Many contractors make this decision due to concerns about finding and onboarding additional qualified trade workers when workloads increase. The holdover phenomenon becomes costly fast. As unnecessary overstaffing costs related to wages, insurance and benefits mount, workforce productivity declines, and project profit margins plunge.