PAS Contractor Compensation Quarterly, The Marcum Edition Second Quarter 2022

Contractor Compensation Quarterly

The Marcum Edition - Second Quarter 2022

2021 Actual and 2022 Forecast

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.