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 David 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.


More from Courtney Stearns
Incentive Compensation for Contractors - Audience Question: Loss of Trust?
There will be times when your incentive program causes a loss of trust within the team. Here are a few steps toward rebuilding that trust.
Incentive Compensation for Contractors - Succession
Succession planning works best when leaders of the organization spend time helping leaders at all levels to think as business owners. This level of thinking includes cash flow and funding sources for all organizational planning.
Incentive Compensation for Contractors - Next Steps
When starting an incentive compensation program, the best thing you can do is start relatively simply and create a good plan for reviewing the results and then improving the program.