The AIA’s 2021 Compensation Report found that architecture firms lost around 16,000 positions between February and July 2020 alone.
The American Institute of Architects (AIA) recently published its 2021 Compensation Report, a biannual study of the financial health of the architecture profession. Given the unprecedented toll that COVID has taken on virtually every field for the last 18 months, this year’s report shed light during a moment that otherwise had little clarity.
“Like many professions, architecture firms across the country have had to weather an incredibly volatile period,” said Kermit Baker, chief economist of the AIA, in a press statement. “While we have seen an unprecedented recovery in architecture firm billings during 2021, this report provides a valuable snapshot of the impact the pandemic had last year on firm compensation and employment levels.”
Using data for 44 firm positions in 31 states, 33 metro areas, and 18 cities, the report’s authors discovered that American architecture firms had lost around 16,000 positions between February and July 2020 alone, reflecting 8 percent of all payroll positions during that period. “At firms with fewer than 50 employees,” the report states, “benefits as a share of base pay declined to 14.4 percent on average in 2020, after averaging just over 18 percent nationally two decades ago.”
Read on >>> Source: ArchPaper AIA publishes a compensation report with mixed news for the architecture profession