International Concrete Repair Institute Releases Study on Compensation and Benefits

Via surveys of more than 300 firms throughout the U.S., the International Concrete Repair Institute (ICRI) has completed and released a study of compensation levels in the concrete repair industry. Among the key findings in the study, which is available on-line, are:

  • Overall median salary for project managers in the industry is approximately $85,000 yearly
  • Median hourly wage for concrete repair project managers is approximately $50 per hour
  • Nearly 70 percent of companies surveyed gave an annual increase in 2017

“In the industry of concrete repair, participating companies need ways to stay competitive in compensating existing employees and attracting new hires. As part of the ICRI Strategic Plan, the ICRI Education Committee was tasked with performing the compensation survey specifically targeting the concrete repair industry,” says Scott B. Harrison, P.E., senior associate, Construction Insight Inc.

Harrison added that this survey provides detailed information across all levels of employees relating to:

  • Wages/total compensation – hourly/annual salary, overtime, bonuses, raises
  • Insurance benefits – life, dental, vision, disability
  • Vacation, holidays, sick leave, and personal leave
  • Retirement plans
  • Staff profiles – education level, years of experience
  • Hiring trends

“This information will help companies stay competitive in this labor market with more knowledge of compensation changes and trends,“ Harrison says.

Among other highlights in the study:

  • Nearly 50 percent of companies surveyed have increased total staffing in the past two years. Only 8 percent have decreased staff levels in that time.
  • Nearly 40 percent have steadily increased pay and 24 percent have increased use of bonus/incentive pay to retain/attract staff.

The 50-page report contains 13 pages of data broken down by several categories, such as region and company size.

More information is available on the ICRI website.

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