Despite the economic uncertainty created by the COVID-19 pandemic, most contractors continue to reward staff with strong compensation packages. Still, a large percentage of firms are putting those raises on hold—at least for now.
Firms that increased staff salaries in 2019 offered an average raise of 3.9%, according to the 2020 Construction Management Staff Salary Survey complied by PAS Inc. The survey, which was released in March, showed that companies anticipated giving raises of 3.6% in 2020.