FMI Releases the 2016 Construction Professional Compensation Survey
Raleigh, North Carolina – July 28, 2016. FMI Corporation, the leading provider of management consulting, investment banking and people development services to the engineering and construction industry, is pleased to announce the publication of its 2016 Construction Professional Compensation Survey. The survey includes data from 97 companies representing over 48,000 employees across 57 positions within U.S. engineering and construction firms.
Survey Highlights:
- Survey participation increased 14% from 2015 to 2016, which resulted in the most robust compensation dataset for field salaried professionals reported to date.
- Mechanical Electrical Plumbing (MEP) positions reported the largest year-over-year salary increases exceeding twice the national average.
- A majority (60%) of eligible incumbents received an annual bonus over $10,000.
Mike Rose, FMI’s Compensation, Manager of Data Services states, “Business is brisk and markets are tightening. As these trends continue, the decline in the construction labor force is having an impact in areas where skilled worker shortages are now prevalent. Understanding market pay trends allows leaders to plan more accurately for the future and adapt to important developments that are fundamentally reshaping the industry.”
FMI is in its 21st year of providing critical market compensation data to the engineering and construction industry. Deep knowledge of labor market data and industry trends is a fundamental building block of an effective pay policy—the very cornerstone of a good human capital investment approach. This information is critical for today’s leaders to drive organizational success and long-term employee performance.
CLICK HERE TO DOWNLOAD AN EXCERPT OF THE SURVEY
To learn more about FMI’s Salary and Benefits surveys, please visit: https://www.fminet.com/compensation/dataservices.html
Contact: [email protected]
About FMI
For over 60 years, FMI has been the leading management consulting and investment banking firm dedicated exclusively to engineering and construction, infrastructure, and the built environment.
FMI serves all sectors of the engineering and construction, infrastructure and built environment industries as a trusted advisor. More than six decades of industry context, connections, and leading insights leads to transformational outcomes for our clients and the industry.
FMI helps you build your foundation for tomorrow and optimize your business for today. Industry Focus. Powerful Results.
Sector Expertise:
- A/E and Environmental
- General Contractors/CM
- Heavy Civil
- Industrial
- Specialty Trades
- Utility T&D
- Clean Tech and Energy Services
- Construction Materials
- Building Products
- Oil and Gas
- Private Equity
- Owners