by Brianna Crandall — December 22, 2014—In the most recent white paper from consulting and research firm FMI, author Mike Rose shares an analysis of executive pay trends for the engineering and construction industry from 2008 through 2013. Key takeaways include:
- Long-term compensation and total compensation are heavily influenced by profitability and have seen the sharpest declines for the executive officers (CEO, CFO, COO and CAO).
- Executive total compensation has declined about eight percent.
- Financial executives and business unit executives have seen the steepest declines in bonuses, reflecting the consolidation of executive power into the corporate suite and away from the business unit.
- The largest gains in bonuses reflect an emphasis on cost control, as well as project management.
Annually, the firm conducts a series of compensation surveys covering approximately 280 positions for the engineering and construction industries. The free “Executive Pay Trends” white paper is available from the FMI Web site upon a brief registration.
Founded by Dr. Emol A. Fails in 1953, FMI provides management consulting, investment banking and people development services to the engineering and construction industry, with offices across the United States. FMI services all segments of the industry, providing clients with value-added business solutions.
