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Home » Construction Staff Wages Reported to Rise by 4.42 Percent for 2023
Economics

Construction Staff Wages Reported to Rise by 4.42 Percent for 2023

July 20, 2023Updated:May 17, 2024No Comments2 Mins Read
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Come Learn More at AGC’s Construction HR & Workforce Conference

According to the latest Contractor Compensation Quarterly (CCQ) published by PAS, Inc., contractors are projecting 2023 construction staff wages to increase an average of 4.42%, as reported by over 360 companies in the 41st edition of the Construction / Construction Management Staff Salary Survey. 2023 staff pay predictions are increasing each month and will exceed 5% by fall. For pay increase comparison, according to the WorldatWork, across all industries exempt professionals saw 2022 actual increases of 4.2% and they are projecting 2023 increases of 4.2%.  For construction WorldatWork reported a 4.1% increase in 2022 and an early projection of 4.1% for 2023. 

Jeff Robinson with PAS will be presenting again this year at the AGC Construction HR & Workforce Conference in November on the most recent compensation practices and trends in the industry.  The conference will focus on the intersection of HR and workforce development in our industry. The program will feature a multi-track educational program that includes sessions focused on HR practices, while others will highlight workforce development strategies. Some sessions will cover both! If you’ve attended an HRTED Conference or Workforce Summit in the past, this event was designed with you in mind.

Sign up for free PAS CCQ here. 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 (you must be signed in with your AGC of America profile to access).

Jeff Robinson, president of PAS, Inc., is a regular sponsor and presenter at AGC’s Construction HR and Training Professionals Conference.

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