Compensation and Bonus Systems

  • Guidelines for bonuses

    Bonuses are a pleasure to give when they improve profitability and productivity. Develop guidelines for when and how you'll distribute bonuses, but be flexible to account for variables such as weather, and to encourage team-work on all jobs, not just those that are clear moneymakers.

     
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    2006 Wage & Benefit Survey

    A good pay and benefit package helps remodelers attract and keep good employees. How does your company measure up?

     
  • Good-Looking Trade Contractors

    Andy Poticha would rather work with his trade contractors and suppliers than against them.

     
  • Power of Encouragement

    About a year ago Agape Construction in Kirkwood, Mo., a suburb of St. Louis, began recognizing the hard work of its subcontractors and staff through its Super Employee of the Month program.

     
  • Slowing Turnover

    I recently spoke with a fellow remodeler who told me that his No. 1 challenge was retaining his people. Everybody who has experienced employee turnover — and we all have membership in that club — knows the effect it can have on productivity and morale, to say nothing of the time and effort required...

     
  • Measuring your company against the competition

    To measure one company against others, you must compare apples to apples. One obstacle to that comparison is owner's compensation, because each remodeling company tends to account for it differently.

     
  • Rewarding Your Staff for Good Work

    I apologized for something I did. Word traveled the grapevine, and soon a card arrived in the mail from Craig Durosko of Sun Design Remodeling Specialists, in Burke, Va.

     
  • Motivate talented employees while maintaining profit margins

    Throughout most of the nation, upscale remodelers are struggling with the ever-thinning pool of skilled labor. With fewer quality hands around, it's an employee's market.

     
  • Part-Time Employees

    What is the minimum amount per quarter that I can pay a part-time employee (family member) without having to pay taxes? In the past I thought it was $250 per quarter. Is that still correct?

     
  • Compensation packages keep salespeople cranking

    Here's how four high-end remodelers have solved the sales commission problem.