Your Edge in the Battle for Top Construction Talent
Construction Compensation Benchmarking Study Webinar
Thursday, May 19th, 2022
Barnes Dennig, North Side Bank and Trust, and USI Insurance surveyed regional contractors about salary, benefits, and other benchmarking data, and got a record-breaking number of responses, including Greater Cincinnati and Northern Kentucky, Dayton, and Indianapolis. We released our findings in a landmark virtual event, with new data and deeper insights that will help you gain a competitive edge in recruiting and retaining top talent.
Keynote speaker Jennifer Graft, Director, Organizational Consulting Services at HR Elements leads a discussion on attracting candidates with employer social media, understanding employee needs in changing times, and developing a “Stay and Grow” culture at your organization.
Get a copy of the 2022 benchmarking report, which will help you determine:
- How your compensation structure compares to others in your industry and market
- Benefit offerings – Are yours competitive? What benefits are trending – and making a difference in recruiting and retention?
- How your operational metrics measure up
About Our Speaker
Jen is a results-driven Director, guiding Executive Leaders in laying the foundation work of their HR strategy. Going beyond the everyday HR issues, she aligns people strategy with the overall goals and objectives of an organization. This intentional and authentic approach leads to identifying areas where an organization can continue to develop and thrive. Her vast experience in the HR arena also makes her a sought out subject matter expert. She is knowledgeable in C: Suite issues that impact workplace culture, team dynamics and internal communications strategy. A dedicated leader, able to provide personalized service, create meaningful and lasting relationships, and achieve profitable results.
About the Construction Benchmarking Report
Our 2022 study of 73 local general and specialty contractors found:
- Gross revenue per FTE is $475,319.
- A general contractor president/CEO has 16.2 years of experience; 56% total compensation stems from bonus and/or commission.
- Of the companies that pay bonuses, only 59% calculate bonuses using the discretionary method as opposed to 40% using company goal.
- The percentage of companies providing 401(k) matches decreased slightly from 88% in 2020 to 80% this year.
- 92% of contractors list attracting and retaining qualified personnel as their top challenge in 2022, up from 87% in 2018.
This 50-plus page report examines financial benchmarks, compensation by job title, benefits provided, and industry issues. Both union and non-union workplaces are included and participants’ sales range from less than $5 million to more than $100 million.
