2023 Actual and 2024

Based on our survey data, contractors are projecting 2024 construction staff wages to increase an average of 4.38% (excludes 0% projections), reported by 350 companies in this 42^nd edition of the Construction / Construction Management Staff Salary Survey. Typically, projected increases are .3% to .5% higher by year end, so there is a good chance that pay will hit 4.7% or more this year. For pay increase comparison - according to WorldatWork, across all industries, exempt professionals saw 2023 increases of 4.5% with initial projected 2024 increases of 4.1%.