The forecast for Labour Cost Per Employee FTE in Construction Services in the UK suggests a slight decrease over the next five years, from 31.6 thousand Euros in 2024 to 31.0 thousand Euros in 2028. Compared to 2023, where it reportedly stood at 31.7 thousand Euros, the trend indicates a gradual decline with an estimated year-on-year decrease of approximately 0.4%. Over the five-year period, the compound annual growth rate (CAGR) is estimated to be mildly negative, reflecting a consistent downward trend.
Future trends to watch include possible impacts from regulatory changes, technological advancements, or shifts in workforce dynamics that could alter labor costs. Monitoring economic conditions and industry-specific factors will also be crucial in anticipating further shifts in these projections.
