Latest US billings index and employment figures also gloomy
US architects’ pay is “stagnant,” according to a new American Institute of Architects (AIA) survey.
The average salary for senior design or project management staff is $94,900 (£58,773), compared with $98,800 in 2008 and $85,800 in 2005.
The average salary for architects/designers is $71,600, unchanged from three years ago but up from $57,700 in 2005, the survey found.
AIA chief economist Kermit Baker said: “In addition to reducing benefits offered to employees, architecture firms have been faced with devastating conditions and had to make difficult reductions in expenses. Salary freezes or reductions, scaled-back hours, the conversion of full-time to part-time or contract employees and mandatory furloughs have all taken a toll on the compensation of architects.”
The AIA noted that the architecture profession had been “hit especially hard” as the construction industry continued to suffer the effects of the prolonged economic downturn.
The survey comes on the back of disappointing employment figures in the States. The construction industry added 24,000 jobs nationally in the first three months of the year – the first quarterly gain since 2006 – before returning to contraction by losing 9,000 jobs overall in the second quarter.
Meanwhile, the latest architecture billings index showed a fall for the third month in a row, reversing nearly all of the improvement generated during late 2010 and spring 2011 when there were five straight months of positive conditions.
Source: BD Online.co.uk