With optimism surrounding a market upswing, contractors seem to be willing to offer higher compensation to talented top-level executives as a strategic way to adapt to new markets and draw in new business.
“Companies are taking a proactive approach to upgrading overall talent pools as part of strategic business planning,” says Paul Marchionna, director of construction at Specialty Consultants, Pittsburgh. Power, industrial and heavy highway sectors as well as specialty contracting are seeing the most activity, but commercial building remains sluggish.