PAS Contractor Compensation Quarterly, The Marcum Edition Fourth Quarter 2023

PAS Contractor Compensation Quarterly

The Marcum Edition - Fourth Quarter 2023

2022 Actual and 2023 Forecast

Based on 234 companies in this 20th edition of the Construction Support Staff Salary Survey, excluding 0% projections, contractors are anticipating 2023 construction support staff wage increases to average 4.4% by year end, down from the 2022 actual increase of 5.0%. When we factor in those very few contractors who are freezing pay, the projected 2023 increase rounded out to also 4.4%. These 2023 year-end projections are most likely low by .3% to .5%. Looking forward, we think 2024 support staff increases will likely mimic 2023 activity, unless construction conditions change.

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