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TRANSACTIONS BENNETT ENGINEERING SERVICES AND Y&C TRANSPORTATION CONSULTANTS HAVE MERGED Bennett Engineering Services announced it has merged practices with Y&C Transportation Consultants. Bennett+Y&C, the new combined firm, takes pride in finding innovative and cost-effective engineering solutions to important infrastructure projects
Together, Bennett+Y&C will maintain their Disadvantaged Business Enterprise and Small Business Enterprise certifications. The firms also complement each other in geography with Roseville, Sacramento, Fremont, and Milpitas office locations. Together the firm will provide services throughout California and Nevada. The firm will continue to serve clients as a trusted engineering advisor.
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WILL SWEARINGEN, from page 1
continues to monitor the dynamics of the industry as it changes from the old guard to the new. In years past, we only saw 4 percent of the under 40 cohort in an ownership position, but this has jumped up to nearly 9 percent in a recent sample. Though these statistics may not seem surprising, they have profound impacts on the way AEC firms are managed and the incentive structures firms use to retain talent. Remote workforces and the emerging hub-and-spoke production model are expanding our ability to grow outside of the more traditional “downtown office” setting. Remote work stations, co-working facilities, and work from home models are here to stay and some firms will build their growth strategies around that phenomenon. Zweig Group has always been a proponent of thoughtful investments in areas of the business that promote growth and innovation. As such, investments in HR, marketing, and IT functions are an important part of running a successful business today. This is reflected in increases in IT director salaries (roughly 15 percent over last year, averaging around $130,000) and marketing director salaries (averaging around $120,000). These increases were consistent across geographies. Regardless of your firm’s approach to the remote versus in-office work dynamic; design firms are increasingly reliant on cloud based technology for production platforms, project management tools, and communication software. Ensuring your firm has appropriately compensated leadership in HR, marketing, and IT is just one way to ensure your firm’s efficiency and image stay intact. Over the last year Zweig Group has engaged a number of firms, conducting comprehensive benefits and compensation studies. If you’re a firm leader and are struggling with the rapid changes in expectations from your staff, there are a few ways to back up or even create your compensation program. You can: 1. Establish a compensation philosophy 2. Benchmark your salaries and benefits often 3. Create flexible programs that match your firms structure and career pathing This year’s edition of Zweig Group’s Salary Report is just one resource to help your firm in developing a competitive total rewards program, but it’s perhaps the most effective tool you can leverage to align expectations with your most valuable asset – your people! Will Swearingen is a principal and director of ownership transition advisory services at Zweig Group. He can be reached at wswearingen@zweiggroup.com.
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ELEVATEHER® SYMPOSIUM ElevateHER® is about the future of the AEC industry, and Zweig Group’s commitment to recruit, retain, and engage the best minds in the industry. Join us at the 2023 ElevateHER® Symposium, where we present select ElevateHER® projects, DEI-focused keynotes from industry leading change agents, powerful panel discussions, and practical mini workshops to all those who are ready to turn inspiration into action. Click here to learn more!
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THE ZWEIG LETTER JANUARY 23, 2023, ISSUE 1473
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