|
Industry News
|
Washington,
D.C. – November 11, 2008 – Prior to the recent downturn in construction activity that
is adversely affecting some architecture firms, the nonresidential construction
sector had been expanding rapidly in recent years. This helped fuel a
nearly six percent annual increase in average compensation for architecture
positions between 2005 and 2008, the strongest period of growth since the
American Institute of Architects (AIA) began collecting compensation
information in 1990. The 2008 AIACompensation Survey also noted that
compensation gains for architectural staff positions have significantly
outpaced compensation gains in the broader economy in recent
years. Architect positions saw a 30 percent increase in compensation
between 2002 and 2008, more than half again as much as the gains for the
private workforce, or for employees at professional and business services firms
as measured by U.S. Department of Labor information.
“Compensation
gains were fastest for mid-range staff architect and designer positions,” said
AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “Part of this is based on
the heavy demand for architectural services in recent years which helped drive
up salaries.”
RSS Feeds
