COR2243. Compensation Trends: Pay Rates and Per Diem/Allowances including Tax Effect

Workforce shortages, turnover, and escalating labor costs are affecting how the construction attracts, retains, and engages its talent. This session will explore compensation trends, practices, and relevant tax implications of pay rates and add-ons, per diem, vehicle practices, and travel procedures.

Learning Objectives:

• Identify current pay trends that affect the contractor’s overall compensation program and the impact on recruitment, retention, and engagement.
• Analyze the effect of per diem, travel policies, vehicle practices, and potential tax consequence.
• Determine pay differentials and practices based on location and type of construction performed.