A review of more than 75,000 salary records for 2013 shows increased compensation and decreased bonuses
RALEIGH, N.C. (Oct. 13, 2014)—In the most recent white paper released by FMI , author Mike Rose shares an analysis of more than 75,000 salary records for calendar year 2013. Annually, the firm conducts a series compensation survey covering approximately 280 positions for the engineering and construction industries. Key takeaways from the white paper titled “Post-Recession Transformations” include:
- Professional pay indexes have increased more than 10 percent since 2008
- Bonuses are down as much as 50 percent since 2008
- The largest compensation increases for construction professionals have occurred in five job areas:
- Business development - up 16 percent since 2009
- Project accounting - up 15 percent since 2009
- Quality Assurance - up 15 percent since 2009
- Estimating - up 11 percent since 2009
- Building Information Modeling staff - wages have risen 11 percent since 2009