Incentive Compensations for Contractors - Calculations

It is counterproductive to have an incentive program that is either too subjective or too objective.

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

In order to achieve a perception of equity across your teams, the right balance needs to be found.

What if you can establish an incentive program for all levels, regardless of the type of work that you do or how it is managed, that is considered fair, equitable and achievable?

How do the best-in-class incentive programs leverage flexibility between subjectivity and quantified objectivity?

We’ll discuss the best practices for aligning your entire organization around common goals, and then establishing functional incentives that set your team up for success.


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 3 of a 20-Part Series


Topics Covered in the Series Include:

  • Mitigating the Talent Shortage
  • Union vs Open
  • Prerequisites
  • Behaviors
  • Alignment

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


Incentive Compensations for Contractors - Calculations
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 Compensations for Contractors - Calculations
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. ...

Giving and Receiving Feedback
Few things will enhance performance faster than deliberate practice, a rigorous feedback loop and enough cycles to build the competency. Here are the common challenges many people face.
Accountability Prerequisites
Accountability in a job role is critical for contractors to grow. Accountability without clarity, capability, and capacity only leads to stress, lower performance, and higher risk over time.
Levels of Preconstruction Value-Add
Preconstruction services translate design intent into a constructable plan that defines scope, schedule, and budget for the actual conditions and risks. Contractor value-add occurs across five levels based on when they are brought into the process.