Since the separation of ownership and management in companies, senior managers as the company's core decision-making, their pay is directly linked to company performance. In this paper takes the construction industry as its object of study, selecting total assets net profit margin, return on equity, earnings per share, total assets, asset-liability ratio indicators which can measure the company performance of state-owned listed companies, analysing the correlation between executive compensation and corporate performance by SPSS regression analysis, and provide reference for improving the construction industry executive pay incentives.