Construction pay rates more than double over four years
(2 minutes to read)
Professionals working within the construction sector will be pleased to learn that latest findings have shown a rise in rates of pay due to skills shortages.
Data from software and service supplier, Engage Technology Partners has revealed that some roles have seen hourly rates more than double in the last four years.
Crawler Crane Operators have noted the greatest increase in rates (82%) between 2015 – 2018, with much of this demand thought to have come from the Crossrail project.
EWP operators saw the second greatest rise in pay with a 77% increase, while Electrical Testers ranked third on the list with a growth in wages of 66%.
Drey Francis, Director at Engage commented on the latest findings, “The construction industry has long struggled with a skills shortage that has arguably been exacerbated by the stereotype of the industry as ‘male-only’ and the perception that it is not a ‘career of choice’ for most. However, this dearth of talent has led to many employers using financial incentives to source the professionals they need to do the job – hence the stark rise in hourly pay that we’ve noted in recent years.
“Given the current drop in project contracts, though, this increase in pay is certainly a worry for employers who will have to juggle resourcing needs and strict budgets. However, while the likes of Crawler Crane Operators can currently demand higher wages, firms can streamline costs elsewhere – through more efficient administrative reporting and timesheet monitoring systems – to better ensure their business withstands this slow period.”
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