February 28, 2005 / Issue 1-05
 
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AGC Convention
Learn How to Recruit and Manage Hispanic Workers
Meet New Operating Engineers President at AGC Convention
Open Shop Roundtable to Take Place at AGC Convention
View New Online Supervisory Training Program
Discover How Competitive Companies Build Leaders for the Future
Find Out How to Prevent Future Workforce Shortages With Career Academies and Charter Schools
DOL Representatives to Talk About High Growth Training Initiative, Workforce Investment Boards, and One-Stops at AGC Convention
Building Trades
AGC and Basic Trades Discuss Health Care Costs and Other Mutual Concerns
Union Density Continues to Decline
Compensation
2004 Bargaining Yields Average First-Year Increase of 3.8 Percent
Craft Workers’ Earnings Rose Slightly in 2004
Executive Salaries Up 4.23 Percent
Labor Supply
Estimated 185,000 Craft Workers Needed Over Next Decade
Government Contractors
Newly Revised Affirmative Action Manual Now Available
Laminated “Beck” Posters Now Available
HR Networking
Save the Date for the Next HR Professionals Networking Forum

  Executive Salaries Up 4.23 Percent
The average salary increase for executives in the construction industry in 2004 was 4.23 percent, according to the 2005 Executive Compensation Survey for Contractors published by PAS, Inc. This compares with an average increase of 4.0 percent in 2003 and 5.7 percent in 2000. The average anticipated increase for 2005 is 4.1 percent.

PAS found that executives working for general contractor firms received the following average base salaries in 2004: 

President

$217,748

Board Chairman

  271,188

Executive Vice President

  171,845

Senior Vice President

  148,153

V.P. Operations

  124,892

V.P. Business Development

  122,413

V.P./Chief Financial Officer

  128,852

V.P. Human Resources

  107,601

Divisional V.P. 

  132,833

Divisional Manager

    97,529

General Superintendent

    98,942

Controller

    80,186

The 138-page report includes data from 270 general and specialty contractors across the country, broken down by type of firm, geographic region, and company dollar volume. 

For information on purchasing a copy of the report, contact PAS at 1-800-553-4655 or visit www.pas1.com. [ return to top ]