PAS Contractor Compensation Quarterly, The Marcum Edition Fourth Quarter 2022

Contractor Compensation Quarterly

The Marcum Edition - Fourth Quarter 2022

2021 Actual and 2022 Forecast

Based on 209 companies in this 19th edition of the Construction Support Staff Salary Survey, excluding 0% projections, contractors are anticipating construction support staff wage increases to average 4.5% by year end, up from the 2021 actual increase of 4.4%. When we factor in those contractors who are freezing pay, the projected 2022 increase is 4.3%. Looking forward, we think 2023 support staff increases will likely mimic 2022 activity, unless construction conditions change.