Industry News

Home builder survey reveals changes in salary, benefits

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Aronson & Co., a nationally ranked accounting and consulting firm, on Wednesday released the results of its 2004-2005 Homebuilder Salary Survey, which focused on employee retention, bonus and profit sharing plans, and salary ranges within the mid-Atlantic home-building industry. As compared to the previous year's results, average salaries did not increase significantly above inflation, but there was a noticeable increase from last year in the higher range for each salary position. "This indicates that employers are willing to pay higher salaries to retain their top performers or steal one from a competitor," said Abba J. Blum, officer in charge of the Real Estate Services Group at Aronson & Co. Overall, the past year was financially successful for most of the home builders surveyed, with the number of units closed increasing an average of 12 percent as compared to the prior year. The sales positions had the lowest increase in salaries in the Washington, D.C., area, indicatin...