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. ...

Ownership Transition Timelines
While it is possible for ownership transition timelines to be accelerated, that largely depends on the current condition of the company, including the management team and current owner.
Production Tracking - Doing the Math as a Habit
Today contractors have amazing tools for tracking field production such as Rhumbix. We spend a lot of time developing very tightly integrated systems with our clients focused on production feedback.
From More Generalized to More Specialized with Growth
Job roles, tools, and equipment progressively get more specialized as projects and contractors grow. These changes must be balanced with versatility and talent development.