Articles | Cost of Civil Staff increases 40% in 6 months

 

 

 

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ICI Administrator

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Cost of Civil Staff increases 40% in 6 months

 

 

 

 

 

At the recent CCF Procurement conference a senior Member of NSW based Contractor stated that they had seen an increase of wages for good project engineers go from $160,000 to $220,000 in the space of 6 months.

This equates to a pure 40% increase in staff costs.

What can be considered more alarming is that these increases were universally agreed by attendees as being the norm.

As a Civil Contractor, absorbing these cost increases is not sustainable.  Salary increases like this eat into the profitability of your business.

How are successful companies keeping staff?

When your teams focus is purely on their pay packet, retaining staff becomes a challenge – particularly in times of a skills shortage as is the case now.  The only option for you to retain your team is to pay them more.

One of the most common questions we get here at ICI is How are other successful companies keeping staff, what are they doing differently?

Don’t buy them.  Bargain for them and Build them

Imagine you are negotiating for a new hire, or you’re talking to a current team member who is thinking of accepting a higher paying job offer, Imagine if you could change that conversation away from ‘I’ll give you an additional $10k per year’. 

Imagine changing that to ‘Yes we pay market rates, but we also invest in a Professional Growth Plan to help advance your Civil career in the long term’

Expand your retention tools

ICI gives you the tools you need to stop having to ‘buy’ team members.  We give you the ability to bargain, the ability to build and create a strong team – creating an emotional attachment to your organisation because you have invested in them. 

You didn’t just pay them a salary, you invested in them as a person.

And that’s a powerful weapon when building a team.

That’s what we do at ICI.  We give you the tools you need to attract, retain and build your teams.  We focus on learning pathways, on personal recognition, and upskilling.

The end result is a team Member who is more committed to you as an organisation, and secondly a stronger team overall.

Find out more about partnering with ICI at our Contractors information page.

Lee Gabbett
General Manager

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