Policy and benefit trends
By Will Swearingen, Chief Data Officer, Zweig Group From The Zweig Letter The latest data highlights key trends in AEC policies, emphasizing pay, remote work, and transparency for growth. The key to growing your firm and reaching your strategic goals often rests with the quality of your employees, and the quality of your firm’s policies, procedures, and benefits is critical to hiring and retaining a top-notch workforce. Zweig Group’s 2024 Policies, Procedures & Benefits Report provides AEC industry leaders with industry statistics on policies and procedures, so they can support policy decisions with hard data. Here are some of the key trends from the report: Budgeting for pay increases. A significant majority (89 percent) of firms budget for staff pay increases. The median raise among these firms was 5 percent last year, and this figure is projected to remain the same for the current year. While a 3 to 5 percent increase...