With high demand nationwide for talent in major metro areas—as well as in many secondary and tertiary markets—construction salary gains continue a steady rise. Among firms that expect to offer raises, anticipated increases could average 3.41% this year, according to data from the 2017 Construction/Construction Management Staff Salary Survey produced by Personnel Administration Services Inc. Firms typically underestimate hikes by as much a 0.5%, so they actually could hit closer to 4%, says Jeff Robinson, president of PAS, an industry compensation specialist.
Salary increases at that level would continue a steady rise seen in recent years. Among firms that reported raising salaries, respondents noted average increases of 3.46% in 2014, 3.73% in 2015 and 3.63% in 2016.