Construction executives continue to see steady compensation increases following an improved 2015 construction market. Average increases in salaries for executives rose 4.1% in 2015, up from 3.8% in 2014, according to the 2016 Executive Compensation Survey for Contractors, published by Personal Administration Services, Saline, Mich. Increases topped 4% for the first time since before the recession but remain below 2007’s 5.4% increase.
Construction executives could see similar increases in 2016 and possibly 2017, says Jeff Robinson, president of PAS.