In this episode of the Construction Business Podcast we talk about the benefits of an incentive-based compensation plan for employees of your construction business. Ed Rataj - a Certified Compensation Professional & Managing Director of Compensation Consulting at CBIZ Human Capital Services - is our guest and addresses the following topics:
- General overview of the different incentive-based compensation plans
- Primary benefits of this type of plan
- How to know if an incentive-based solution would be effective in your business
- Implementing an incentive-based compensation plan