Tag: wage boosts

✕ Associated Link: ENR 2024 3Q Cost Report PDF (Subscription Required) As lots of craftworkers come to grips with the remaining impacts of current high inflation rates, companies continue to provide traditionally high wage boosts. Union settlements and open store incomes continue to rise, not just to keep existing employees delighted however to assist battle labor lacks.At the end of 2023, first-year boosts in union settlements reached 4.7%, up from around 3% in previous years, according to information from the Construction Labor Research Council. By the end of the 2nd quarter of this year, first-year boosts had actually kicked back somewhat to 4.6% and subsequent settlements recommend that this year's settlements might land because exact same variety.Carey Peters, executive director...