2019 Actual and 2020 Executive Pay Forecast
The Contractor Compensation Quarterly (CCQ) is especially designed for the busy construction executive that needs to keep abreast of competitive compensation and benefit levels within the industry.
As contractors adjust to comply with COVID-19 safety standards and the economic downturn, they must remain focused on meeting labor needs. Some are doing so by increasing salaries or offering other attractive benefits. Understanding the latest salary and benefits information is critical in determining how to retain valuable employees, recruit experienced candidates, and determine competitive compensation levels.
In the first quarter, pay increases continued to hover above the 4% mark. Even in uncertain times, compensation programs will need to be adjusted to stay competitive.