Construction Staff Wages Reported to Rise by 4.42% for 2023
Post date
July 29, 2023
Body
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.