What to Know About Compensation in the Construction

How Much Should You Pay Construction Employees?

In construction, when you charge enough your work, you can attract and keep good construction employees by paying top dollar.

Pay & Performance Incentives That Work

Many construction companies offer some form of bonus plan, but few feature a results-based incentive program. Some owners use bonus plans based on longevity ...

4 Types of Construction Compensation: Lump Sums, Unit Prices ...

This article explains the differences between the four types of compensation typically used in energy construction agreements.

The Truth About What You Should Pay Your Construction Industry ...

First, it's important to know your market so that you can accurately answer questions about compensation. It's much easier to challenge an outsized request ...

Construction Industry- Employee Benefits Summary - Mployer Advisor

In the construction field, a higher amount of physical labor can result in an increased number of workers comp claims and higher overall medical expenses.

Workers Compensation Construction: Top Guide for 2024

The cost of workers' compensation insurance for construction workers can vary widely. On average, it can range from as low as $21 per month to ...

What You Need to Know about Construction Workers Comp ...

Construction workers comp insurance rates vary from state to state. However, on average, employers pay around $1 per $100 of payroll.

Workers' Compensation Insurance for Contractors - Procore

Construction is a high-risk industry. Injuries or illnesses caused by the work environment can cost companies a lot of money — not just in ...

Compensation Chronicles - Articles - CFMA

Historically, we know that by year-end ... Compensation Survey for Contractors and the 2022 Construction/Construction Management Staff Salary Survey.

Workers' Compensation: What It Is, How It Works, and Who Pays

For example, a construction worker could claim compensation for an injury ... Most states have online sites that can help determine if you're covered by workers' ...

Performance-Based Compensation Systems in Construction: Benefits

By offering performance-based compensation, construction firms can attract high-performing individuals who are motivated to excel and achieve ...

Five tips for building an incentive compensation program - BerryDunn

As construction companies look for new ways to cut costs, the annual bonus is often one of the first items on the chopping block.

Construction Workers Compensation: A Briefing for 2022

For contractors, safety and tech adoption are trending. Learn how construction industry changes are affecting workers compensation in 2022.

Construction Accidents and Workers' Compensation - FindLaw

It is usually paid out every two weeks. After the doctor verifies an inability to work, the first temporary disability check should arrive ...

Bonus Structures in Residential Construction

Managing employee compensation is a huge part of running a business. It starts at the very beginning when you hire talent and needs constant ...

Analysis of Contractor Compensation Practices During a ...

What is a "pay analysis group" and how does OFCCP use it in the compensation analysis? · How does OFCCP determine similarly situated employees ...

Construction Companies Can Manage Their Workers' Comp Costs

For construction businesses, workers' compensation insurance is a must-have. Unfortunately, because of factors such as inflation and labor shortages, ...

Employee Benefit Considerations for The Construction Industry

In an effort to overcome some of the obstacles created by a project-to-project approach to compensation, construction companies are relying more ...

A Piece-Rate Compensation System and Overtime for Construction ...

If your business involves construction, then you may be familiar with the concept of piece‑rate compensation. Under this system, employees ...

Construction Laborers and Helpers : Occupational Outlook Handbook

Pay. The median annual wage for construction laborers and helpers was $44,310 in May 2023. Job Outlook. Overall employment of construction ...