According to the latest Contractor Compensation Quarterly (CCQ) published by PAS, Inc., Open Shop contractors anticipate skilled craft hourly wage increases of 2.64% in 2020 (2.91% excluding zeros). Actual increases for 2019 were 3.25% (including zeros) and 3.26% (excluding zeros). These increases are across the board for all craft, contractor types, sizes, and regions of the country. WorldatWork reports 2020 actual construction increases at 3.1% for Non-exempt Hourly Non-union positions. Historically, our projected numbers are slightly lower than the actual year end figure, but in this year of COVID-19, that most likely won’t be the case.
Tonya Jackson