FMI Corporation, the leading provider of management consulting and investment banking services to engineering and construction, infrastructure and the built environment, is pleased to announce the publication of its 2016 Executive Compensation Survey. The survey includes data from 71 companies representing over 3,400 executive and business unit employees across 64 positions within U.S. engineering and construction, infrastructure, and built environment firms.
Survey participation increased 6% from 2015 to 2016, which resulted in the most robust compensation dataset for executive and business unit positions reported to date.
-42% of the Top 50 ENR construction companies participated in FMI’s 2016 Executive Survey
-General Managers reported the largest amount of data from over 400 incumbents
-Chief Administrative Officers showed the largest percent increase in base salary
Mike Rose, FMI’s Compensation, Manager of Data Services states, “The construction industry continues to experience a war for talent. This includes executives as reflected in the general increase in base pay and total compensation which reverses the recent downward trend and reflects the upward trend of profits in the industry.”
FMI is in its 21st year of providing critical market compensation data to the industry. Deep knowledge of labor market data and industry trends is a fundamental building block of an effective pay policy—the very cornerstone of a good human capital investment approach. This information is critical for today’s leaders to drive organizational success and long-term employee performance.