2021 Actual and 2022 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.
Based on our survey data, contractors are projecting 2022 construction staff wages to increase an average of 4.17% (excludes 0% projections), reported by over 340 companies in this 40th edition of the Construction / Construction Management Staff Salary Survey. 2022 staff pay predictions are increasing each month and may hit 5% by fall. For pay increase comparison – according to WorldatWork, across all industries exempt professionals saw 2021 increases of 3.0% with initial projected 2022 increases of 3.3%. For construction, WorldatWork reported a 3.4% increase in 2021 and a very early projection of 3.4% for 2022.