Merit Shop Contractors 2018 and 2019
No matter your specialty or line of business, in the end, it’s all the “people” business. With that in mind, this most recent Contractor Compensation Quarterly takes a deeper look into Craft workers and the trends in their wages.
In a nutshell, wages are climbing and their future trajectory is yet unknown. The trades have always played a vital role in our nation’s economy and they demand our attention as both business owners and community members. As we invest in our shops let’s also look for chances to invest in our future by supporting trade education and continuing skill acquisition by our young people and not-so young, alike.
Merit Shop Contractors 2018 and 2019
Merit Shop contractors anticipate skilled craft hourly wage increases of 3.41% in 2019 (3.49% excluding zeros). Actual increases for 2018 were 3.28% (including zeros) and 3.48% (excluding zeros). These increases are across the board for all craft, contractor types, sizes, and regions of the country. WorldatWork reports 2019 actual construction increases at 3.7% for Nonexempt Hourly Non-union positions.
