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Seth Godin, author of Permission Marketing: Turning Strangers Into Friends, and Friends Into Customers, believes that monetary bonuses are demotivators.
Three years ago Jeff Knorr instituted a bonus systemfor three of his six employees who have a direct impact on projects.
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Not all full-line remodeling and design/build salespeople are comfortable with traditional compensation.
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To communicate the importance of customer service and to build a strong reputation for his staff of eight, as well as subcontractors, the president of Phase II General Contractors in Lakewood, Wash., instituted a simple reward system.
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Greg Antoniolli has used several methods to improve his company's bottom line. His first step was to hire a great office manager who also acts as controller.
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Developing an effective compensation program that fits your business' needs.
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It's inherent in the concept of total compensation that the cost of employee benefits will limit employee wages. Health insurance, in particular, is so expensive that the hourly cost to most remodelers is equal to as much as $4 per hour. So what do you do if an employee declines coverage and then...
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Do you know how much you really spend on your employees? More importantly, do they know? In the final installment of our benefit series, REMODELING explores the idea of total compensation -- the true cost (and value) of employment at your company.
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If you're considering a retirement plan for yourself and your employees, you might want to review the advantages of a SIMPLE-IRA (Savings Incentive Match Plan for Employees). Remodelers who have set one up say it is suitable for small businesses and relatively easy to administer.
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Sometimes, your employees never get to fully appreciate their hard work because they don't get the chance to go out to the jobsites. The solution: take the office out on a field trip.