February 23, 2007 / Issue No. 1-07
 
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AGC Events & Professional Development
Upcoming AGC Convention to Include Several Labor & HR Sessions
Plan Now to Attend the 2007 HR Professionals Forum June 7-8 in St. Louis
Internet Applicant Rule and EEO-1 Reporting Guidance Now Available as Digital Download
Compensation
DOL Finds Construction Project Superintendent to be Exempt Under FLSA
Collective Bargaining Yields Highest Increases Since 1990
BLS Releases Updated Data on Weekly Wages and Union Density
Construction Executive Salaries Up 5%
Labor Relations
NLRB Awards Plastering Work to Carpenters Over Plasterers
Training
AGC to Launch Newsletter Covering Training and Workforce Development Issues

  Construction Executive Salaries Up 5%

The average salary increase given to construction-industry executives in 2006 was 5.0 percent, according to the latest report from PAS, Inc.  This compares with an average increase of 4.4 percent in 2005 and 4.2 percent in 2004.  Due to “the quickening of construction activity,” PAS anticipates the average increase to be about 5.5 percent in 2007.

The following table shows the average base salary for benchmark positions paid in 2006 and anticipated in 2007, as reported by PAS: 

Position

2006 

2007

Board Chairperson

$261,000

273,000

Senior VP

  154,000

153,000

VP of Operations 

  128,000

133,000

VP of Estimating

 111,000

122,000

General Superintendent

   96,000

103,000

The full Executive Compensation Survey for Contractors report – which also covers fringe  benefit and other information, and breaks down data by type of construction, geographic location, company revenue, and other characteristics – is available for purchase from PAS.  For more information, go to  www.pas1.com or call 1-800-553-4655. [ return to top ]