How to Master Wage Strategies in Construction for Small Business Success

How to Master Wage Strategies in Construction for Small Business Success

From Statistics Canada based on November 2023, here are the weekly earnings for individuals working in the construction industry:

  • $1,502 Canada ($37.55/hr)
  • $1,483 Ontario ($37.08/hr)
  • $1,626 Alberta ($40.65/hr)
  • $1,505 British Columbia ($37.63/hr)

(based on 40 hours per week)

Here are three (3) strategies you can use to attract and hire the best people in the industry:

Strategic Wage Setting: By understanding the competitive rates within the construction industry, owners can better position their offers to attract skilled labor, balancing between competitive compensation and financial sustainability.

Competitive Pay for Attraction: Understanding the benchmark for top earners in the industry can help small businesses set competitive wages. Although many may initially struggle to match these rates, this knowledge is vital for strategic planning and understanding what the investment in talent needs to be.

Incentive for Business Growth: Awareness of industry-standard compensation can serve as a motivator for small businesses to innovate and grow. By increasing efficiency and value, you can work towards offering wages that attract the best workers, potentially leading to higher quality output and business success.



* External Source: 150.statcan.gc.ca/n1/pub/14-20-0001/142000012019001-eng.htm?utm_source=mstatcan&utm_medium=eml&utm_campaign=statcan-statcan-mstatcan

Hire fast. Hire right.

Try verified "job-ready" workers on 1-5 day jobs so you can evaluate their skills and experience before making permanent hiring decisions.

No Resumes No Interviewss No Wasted Time Try Now Hire Later