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 Compensation for Contractors - Audience Question: Keep Why Top Of Mind?

Incentive programs can be as seemingly small and informal as a handshake from a manager for a job well done up to very large cash compensation.

Issue 1 of 9: Strength of the Management Team

Construction Ownership Transition Issue 1 of 9: Strength and Alignment of the Management Team. Beyond liquidation, nearly 100% of the value of a construction business is based on the management team's ability to profitably grow the business.

From Financial Management to Business Management

As contractors go through different stages of growth it often makes sense to expand the financial management role into more comprehensive business management role. At exactly what stage a contractor starts to expand this role depends on.