Executive compensation has been rising steadily since the pandemic, reaching a high-water mark in 2023. However, a cooldown in several market sectors could result in comp increases receding in the coming years.

Despite growing fear of a recession on the horizon, contractors continue to offer highly competitive compensation packages, approaching levels not seen in the industry in nearly two decades.

With first-quarter construction starts trending above 2021 activity, the industry’s need to attract and retain talent is on the rise as well.<

Experts predict more stability in 2021, with most increases relatively conservative