According to the latest Contractor Compensation Quarterly (CCQ) published by PAS, Inc., construction executive staff wage increases came in at 5.2% for 2024 and are also projected to rise by an average 4.4% by 2025 year-end. The actual 2024 increase compared to the 2024 projected increase was .5% higher, so it is possible we will see this same trend in 2025. For comparison, WorldatWork is projecting a 3.8% average increase for all executives in 2025.
PAS also just finished the 2025 Construction/Construction Management Staff Salary Survey which indicated a 2024 actual pay increase of 4.6% and an overall projected increase of 4.1% for 2025. Compared to the executive survey, some regional pay increases are somewhat reversed for the staff level with the lowest projected increase of 3.8% reported in the Gulf Coast States and the New England States indicating the highest at 4.2% for 2025. It is getting confusing and an indicator of the uncertainly in contractor compensation planning.
PAS offers AGC members a special AGC discount to access PAS products. For more information, contact PAS by phone at (800) 553-4655 or www.pas1.com. You can also find more information here.
Jeff Robinson, president of PAS, Inc., is a regular sponsor and presenter at AGC’s Construction HR and Workforce Conference.