Also, you'll probably want to keep your source code files as small and self-contained as possible/feasible, i.e. prefer many smaller object files over one huge single object file.
This will also help avoid unnecessary recompilations, in addition you can have one static library with object files for each source code directory or module, basically allowing the compiler to reuse as much previously compiled code as possible.
Something else, which wasn't yet mentioned in any of the previous responses, is making symbol linkage as 'private' as possible, i.e. prefer static linkage (functions, variables) for your code if it doesn't have to be visible externally.
In addition, you may also want to look into using the GNU gold linker, which is much more efficient for compiling C++ code for ELF targets.
Basically, I'd advise you to carefully profile your build process and check where the most time is spend, that'll give you some hints as to how to optimize your build process or your projects source code structure.