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. ...

7 Major Stakeholder Groups in Ownership Transitions
As contractors plan for ownership transitions, there are seven major stakeholder groups that will sometimes have competing wants and needs that must be identified and brought into alignment.
Contractor Exit Strategy 2 of 6: Pass Down to Family
Contractor Exit Strategy 2 of 6: Pass Down to Family. This is a very common strategy for contractors and is successful for those with interested family member(s) who are effectively working in leadership roles.
Lean Principle - 8 Categories of Waste
The first step in improving labor productivity in construction is improving everyone’s ability to see the waste. Waste can then be broken down into 8 major categories. Like colors these are often interrelated.