The LSC say that training could help the sector fill its severe skills shortage simply by giving employees better training.
It's survey of 79,000 employers revealed that a third of construction firms don't train their staff – leading to more unfilled vacancies (40%) than in any other industry.
The CBI's deputy director general, John Cridland agrees. "Unlocking the talent of employees through training can have a direct impact on a company’s ability to flourish in the long term.
The LSC has its own traiing service, Train to Gain, and used this as an example of how training could benefit companies. They found that 42% of almost 4,000 businesses using the LSC's Train to Gain Service saw higher productivity, increased profit margins, improved product and service quality, as well as improvements to staff loyalty and retention.
74% of employers engaged in Train to Gain reported staff improving their skills and ability to do their job. In addition, 30% of employees had been promoted as a result of the training.
Director of skills for employers at the LSC, Paul Holme, said: "Tens of thousands of employers have benefitted from Train to Gain and many are already seeing a substantial impact on their bottom line.
"What's more, learners are also reaping the rewards as they enjoy better skills and promotions. Our latest research shows that Train to Gain is helping to unlock staff potential through recommending and delivering relevant, job-specific training. I urge more organisations to follow suit and get involved and see the benefits of investing in training for the long term."
The Government has announced more than £300M to boost qualifications and skills in the UK construction, hospitality and processing and manufacturing sectors.
Skills gaps are further being plugged via the Government's Apprenticeships programme which employers can also access through Train to Gain. Training providers and colleges can also give employers skills and funding advice for their business.