D. Brown Management - Incentive Compensation for Contractors

Incentive Compensation for Contractors - Prerequisites

"Start With The End in Mind" is a principle that applies to organizations in general and incentive programs in particular.

Courtney Stearns

February 11, 2019 2 minute read

Contributors

Sue Weiler-Doke

David Brown

This principle is Habit #2 from Stephen Covey’s top selling book, “Seven Habits for Highly Effective People.”

Learn how the most successful companies leverage this principle across the entire organization, from the CEO to the first year apprentice, and structure and align incentives with the organization’s culture, workforce education, financial management, and clarity of purpose.

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 5 of a 20-Part Series

Topics Covered in the Series Include:

Mitigating the Talent Shortage
Union vs Open
Succession
Behaviors
Alignment

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

Incentive Programs for Contractors

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. ...

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Related Insights Series

Incentive Programs for Contractors

Previous Next Go To Series

Related Insights Series

Incentive Compensations for Contractors - Calculations

It is counterproductive to have an incentive program that is either too subjective or too objective. In order to achieve a perception of equity across your teams, the right balance needs to be found.

Succession Fact #3: Trust Between Parties

Succession Fact #3: No exit strategy or deal structure will work without trust between all major stakeholder groups. Whether it is a large and complex project or a business ownership transition, there will never be a “perfect” set of documents or plan.

Impacted Productivity - Unleveled Manpower

The biggest risk for a specialty contractor is the performance of on-site labor. One of the biggest impacts to labor productivity is having a sporadic manpower schedule.