NuGen Properties

Construction employers beating wage inflation

Image by Public Domain Pictures from Pixabay

Civil and structural engineering consultant Pick Everard asked “a broad church” of consultants and contractors from across the construction industry whether they were giving pay rises above the headline 9% annual rate of inflation. No one was giving above inflation pay increases across the board although 17% said they were ‘roughly the same’ as the inflation rate.

The survey also found that 62% of those polled did not believe this effective pay cut would affect staff turnover, with the suggestion being that job security is being prioritised over income growth.

Pick Everard director Gavin Mason said: “This report provides independent research into supply and demand within the construction industry. Our general view is that the industry appears to be in a position of equilibrium, and we do not find evidence of inflationary pressure from within the sector.

 “From a commercial perspective, it is an optimistic start to the year. Inflation is not showing signs of converting into a wage-price spiral, which gives us confidence that interest rate increases have peaked and that there will be scope to start reducing rates by the middle of 2023. We expect the annual rate of inflation to reduce after April 2023, giving positive signs that investment in construction will look more enticing by the summer.”

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Dan Morten 18/01/22

Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

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Brilliant service, renovated my house to make a dream a reality. Thanks guys

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Great firm to communicate with fast and good quality work.