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- Building Boardroom
Will we have enough of the right people to build our projects to the right standards and at the right price?
Sixty-six thousand pounds a year. That’s how much contractors are paying their senior site managers in London. It’s a lot, but then site managers in the capital can be hard to come by. The effects of construction’s shrinking workforce are being felt most acutely in the capital, and so – as our contractors’ salary survey conducted by Hays shows – wages are rising for this particular role at an annual rate of 5%.
Not all the delivery-end positions in this survey enjoyed such generous rises. Overall wage growth for all the roles in the survey is more or less flat compared with last year, averaging 3.2%, but it’s worth noting this is still above national averages and also above averages for the wider construction and property sector.
Sixty-nine per cent of those surveyed said they plan to increase salaries again in the coming year. Yet a further squeeze on their nail-bitingly slim margins
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