The construction business is poised to continue its boom, with most employers anticipating a rise in headcount and prioritizing the retention of employees. But survey results show that meeting growth objectives may require companies to become more attuned to the right data, benefit plan designs and supporting tools. This addendum to the U.S. survey report on benefit and compensation strategies focuses exclusively on the construction industry, providing data and insights that point the way to better outcomes through better benchmarking.
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Survey Overview

Gallagher’s 2018 Benefits Strategy & Benchmarking Survey asked U.S. employers more than 300 questions across the total rewards spectrum. This addendum highlights select key findings and implications based on responses from 274 employers in the construction sector.

Construction employers anticipate sales and revenue growth in the year ahead. It’s an enviable position, but not without challenges. Meeting demand requires an engaged, productive workforce that can hit performance targets safely and efficiently. Employers are also balancing high benefit costs with the need to attract and retain quality workers.

However, this year’s findings reveal the way construction employers manage their talent and benefits may limit their ability to reach these goals. They often take an annual approach to planning, and are not actively exploring options to manage benefits or compensation more strategically. Instead, through thoughtful, data-driven planning that addresses human capital talent needs, employers can encourage strategic integration and identify areas of opportunity for benefits and compensation programs.

Download the Construction Industry Addendum.