Earnings Growth for Construction Workers

Earnings Growth for Construction Workers

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Culwick moneyConstruction payroll services provider Hudson Contract, has reported that self-employed tradespeople have had their best month for earnings since the pandemic began. Apparently in March 2021, the average weekly pay went up by 3.7% to £920, which is the highest figure since February 2020. The median weekly pay for those employees who are full-time, is £586.

Hudson Contract supplies audit, contract and payroll services to small and medium construction companies in East Yorkshire. Ian Anfield, managing director at Hudson said: “Our latest figures show that self-employed tradespeople are reaping the rewards for their enterprise and efforts. Many have carried on during lockdowns to deliver the housing and infrastructure that Britain relies on. “Self-employment in construction offers financial freedom and flexibility for highly skilled individuals and enables projects to be completed safely, on time and on budget.”

Regions with the best overall earnings growth in March included Yorkshire & Humber (+7.5%), the East of England (+5%) and the West Midlands (+4.9%). East of England saw an all time high, with weekly earnings reaching £1,016. Wales was the only region not to experience month-on-month earnings growth.

Ian Anfield added: “We continue to see strong demand for skilled labour on building sites and many of our clients are reporting full order books. The housing market is booming due to the stamp duty holiday and government is committed to infrastructure spending across the UK.”

This is additional good news for the construction industry, as it is already common knowledge that the construction industry has seen a definite upturn in activity. There is great demand for affordable housing developments to commence, and projects that were put on hold due to the pandemic, have resumed. The only building news that isn’t positive at the moment is that there is a shortage of materials.

For payroll, accounting, taxation and business support services in Essex, contact John S Culwick on 01268680702

 

 

 

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