Incentive Compensation for Contractors - Alignment

One of the most challenging aspects of incentive programs is communicating demonstrated success.

Courtney Stearns Profile Picture
Share
Contributors Sue Weiler-Doke Profile PictureSue Weiler-Doke David Brown Profile PictureDavid Brown

This needs to be communicated in such a way that every functional group believes they have direct impact on their incentive outcome and that it is fairly applied across all stakeholders.

We’ll discuss how teams building trust by encouraging participation in the definition not only of the incentive program but the measures of success across each functional group is challenging but yields amazing results.


In this video series, Courtney Stearns, Sue Weiler-Doke, and David Brown discuss the most common questions we get from contractors about incentive programs, including a bunch of great questions from the audience.

This is Part 6 of a 20-Part Series


Topics Covered in the Series Include:

  • Culture
  • Next Steps
  • Prerequisites
  • Who Benefits?
  • Calculations

All relationships start with a simple conversation. Let’s schedule some time to talk about your specific challenges and opportunities.

 


Incentive Compensation for Contractors - Alignment
Every successful and profitably growing contractor we work with has a comprehensive and integrated set of incentive programs in place at all levels of the organization. These programs reinforce the daily actions and behaviors that make them successful. ...

Incentive Compensation for Contractors - Alignment
Every successful and profitably growing contractor we work with has a comprehensive and integrated set of incentive programs in place at all levels of the organization. These programs reinforce the daily actions and behaviors that make them successful. ...

Uncomfortably Exciting - Being a S.M.A.R.T. Leader
Managers must set goals that are S.M.A.R.T. (Specific, Measurable, Achievable, Relevant and Time Bound. Leaders must be stretching their teams toward objectives are beyond what anyone believes they can achieve.
Winning Work: 10 Questions to Optimize Results
Improve the quality and quantity of projects you win with these 10 questions to evaluate your strategic market choices and the progress on executing that strategy.
Cash Flow Tip 8 - Subcontractor and Vendor Terms and Pay Schedules
As important as it is for you to have a great Schedule-of-Values (SOV) with your customer, it is equally important to have great terms with your subs and vendors.