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November 26, 2015

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CEO Trends Survey Results and Reactions

The Economy in 2007, Emergent Issues, Property Values, Expanding Markets

| 12/1/2006

Al Petrangeli
Division President
Centex Construction

Wage Increases

At Centex, we are fortunate to be a top performer, and people want to come here. That doesn't mean we can ever stop being competitive with salaries and benefits. We plan a steady increase in wages of 4% to 5% for 2007. However, individual increases and bonuses are tied directly to a very thorough performance evaluation.

The biggest struggles we have with recruiting to our company seem to be the same top three with most Florida companies: housing, taxes and insurance costs. The need we see from our sub-contractors as far as qualified labor is still workforce development, especially soft skills such as conflict resolution, communication and the ability to excel when challenged.

Skills can be taught on site in many situations; a willing attitude and eagerness to be part of a team is what will help someone achieve success in our company. That's probably pretty consistent with Florida companies overall. No matter at what level an employee starts, attitude is everything.

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