Drafting a Construction Compensation & Benefit Blueprint in Uncertain Times

Construction Compensation Benchmarking Study Webinar

Wednesday, June 24th, 2020


 

Barnes Dennig, North Side Bank and Trust and USI Insurance surveyed regional contractors about salary, benefits and other benchmarking data, and released our findings in a landmark digital event. Our presenters answered your questions, and provided insights and information that will help your company chart a blueprint for success in challenging times.

Complete the form to get the recording password and click here to request a digital copy of the 2020 Contractor’s Compensation & Benefits Benchmarking Study, which helps compare your compensation, benefits and operations to other contractors in the region.  A competitive compensation and benefits package is a powerful tool for recruiting and retaining top talent – a critical factor for success.

The benchmarking report will help you determine:

  • How your compensation structure compares to others in your industry and market
  • Benefit offerings – Are yours competitive? What’s the latest thinking in cost-efficiency?
  • How your operational metrics stack up with other contractors
2020 Construction Study Cover
Request the 2020 Study here.

About the Construction Benchmarking Report

Our 2020 study of 67 local general and specialty contractors found:

                • Gross revenue per FTE is $433,311.
                • A general contractor president/CEO has 16.2 years of experience; 43% total compensation stems from bonus and/or commission.
                • Of the companies that pay bonuses, only 75% give bonuses to field workers compared to 94% for project managers/estimators.
                • The percentage of companies providing 401(k) matches decreased slightly from 89% in 2018 to 88% this year.
                • 87% of contractors list attracting and retaining qualified personnel as their top challenge in 2020, down from 97% in 2018.

This 50-plus page report examines financial benchmarks, compensation by job title, benefits provided and issues facing the industry. Both union and non-union workplaces are included and participants’ sales range from less than $5 million to more than $100 million.

Barnes Dennig: Helping Construction Contractors Strengthen the Bottom Line

Cost overruns. Cyclical work. Uneven cash flow. Contractors face a variety of challenges that make running their company more difficult than businesses in other industries. In good times and bad, we help contractors build opportunities by strengthening their bottom line and making the most of their resources.

Our team of dedicated construction professionals understands the needs and nuances of the construction industry. Barnes Dennig is one of Construction Executive’s Top 50 Construction Accounting Firms, one of Inside Public Accounting’s Top 200 Firms, and received the “Best of Accounting” designation from Clearly Rated in 2019. Since being founded in 1965, the firm’s growth has stemmed from a focus on providing exceptional client service, depth of knowledge in select industries and strategic expansion. Today we are more than 150 employees strong, serving clients in three states and across the U.S. with operations spanning the globe.