FMI Corp. 2013 Incentive Compensation Effectiveness Study

FMI set out to answer some basic questions to find out what makes incentive compensation more effective in the eyes of top executives in the construction industry. It is apparent that doing nothing or paying discretionary bonuses is reactive and least effective for moving your company forward. This research article outlines seven critical issues, which are common practices in the industry that need to be addressed in order to improve the effectiveness of your incentive program.