2016 Property & Construction Salary Review
We are pleased to present the results of the first Vertical Salary Review, gathered in a survey of 678 property and construction professionals earlier this year.
The results suggest a turbulent but positive industry.
Salaries seem to be rising, though we can see dips and rises relating to changes in the market and economy. Salary remains a huge pull factor in decisions about new jobs. However, work-life balance, the daily commute and variety of work rank highly, above a bonus and benefits for many, suggesting a new focus on lifestyle factors and well being.
Job satisfaction varies across the different disciplines, with architects and structural engineers the most fulfilled, and the least satisfied being quantity and building surveyors.
The data shows a vast gender gap with women in the sector earning on average £10,428 less than men. Despite this, women show more optimism about the future of the industry.
Recurring themes that arise relating to the biggest barriers for the sector are staffing and skills, austerity, profitability and the frustration involved in current procurement processes. With a growing demand and a lack of supply for staff, it seems to be an applicant’s market, with an increase in businesses having to sell themselves and the role to candidates at interview.
View the full 2016 Salary Review here
Thank you to everyone who took part and to our partner Place North West.