Raises Are Up and So Is Time Flexibility, HR Survey Reports

摘要

Compensation and recruiting challenges continue for global construction sector firms, with bigger raises in 2019 compared to the last several years and a growing focus on gender parity in compensation, according to a survey of more than 200 companies. In its latest analysis of compensation and recruitment, financial consultant EFCG found salaries up closer to 4% this year, "noticeably higher than the 2.5% to 3 % recorded consistently for the prior five years," says Ted Lower, CEO of the LVNV Group, who heads EFCG's human resources practice. He notes "impacts of more firms conducting gender-parity sal- ary reviews, or having them scheduled for 2019." Respondents report overall corporate turnover up nearly 4% from last year's EFCG survey, with turnover for female employees up 3.5% and up 1.6% for people of color. Assignment issues were cited as the leading cause, followed by management concerns and then training and development shortfalls. Some 86% of respondents offer sign-on bonuses to program and project managers.