ICRI Releases Historic Compensation Study
Via surveys of more than 300 firms throughout the United States, the International Concrete Repair Institute (ICRI) has completed and released a first-of-its kind 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 US yearly
Median hourly wage for concrete repair project managers is approximately $50 US 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 first ever compensation survey specifically targeting the concrete repair industry,” said Scott B. Harrison, P.E., Senior Associate, Construction Insight, Inc.
Harrison added that this historic 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
Staff profiles – education level, years of experience
“This information will help companies stay competitive in this tough labor market with better knowledge of compensation changes and trends,“ Harrison said.
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 detailed data broken down by several categories such as region, company size, etc. It is available free to member and non-member companies that participated in the survey. ICRI member companies can purchase the full report for $395, while it is available to non-member companies for $795.
ICRI, a nonprofit association with more than 2,600 members worldwide, is the leading resource for education and information to improve the quality of repair, restoration, and protection of concrete and other structures in accordance with consensus criteria.