Construction wages are slated to see an overall increase of 3.2% by the end of the year, according to a new survey.
The company PAS Incorporated, which is based in Saline, Michigan and tracks wage, salary, and benefit trends, arrived at that figure after conducting interviews with more than 290 construction companies.
In the company’s just released Construction/Construction Management Staff Salary Survey, it is noted that in the past year all industries, despite the pandemic, saw staff salaries increase by 2.9%.
That figure is expected to increase this year by another 2.9%.
Other sources are forecasting construction industry wage increases this year of anywhere from 3% to 3.4%.
The PAS survey comes as various reports are indicating that construction companies across the country are in dire need of more workers. Many of those companies, notes the publication Business Insider, are “struggling to keep pace with the surging demand for homes and home improvements during the pandemic.”
In order to secure more workers, continues the publication, many companies have “started offering higher wages and improved benefits.”
According to the site Payscale.com, project managers currently earn on average around $78,000; followed by construction superintendents at $77,000; project engineers at $65,000; and assistant project managers at $63,000.
By Garry Boulard