Chapter Meeting-"Seven Best Practices for Creating Effective Incentive Compensation Plans"

When:  Sep 20, 2016 from 12:00 PM to 2:00 PM (ET)
Associated with  Piedmont, Greensboro, NC

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Mike Rose, FMI Senior Consultant, will to lead a session on “Seven Best
Practices for Creating Effective Incentive Compensation Plans”.

Overview: Seven Best Practices for Creating Effective Incentive Compensation Plans
Incentive compensation is a huge investment. The U.S. construction industry has an enormous
opportunity to improve the effectiveness of current incentive compensation programs, especially as only
37% of construction companies use industry market data to ensure adequate incentives. However, it can
be challenging to create an incentive plan that supports your strategic objectives, motivates attainment of
stretch goals, provides desired returns and behaviors and yields results. 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. The results of this incentive compensation survey will be revealed during this
presentation.
 Discover the seven critical issues commonly practiced in the construction industry that need to be
addressed in order to improve the effectiveness of your incentive program
 Determine how effective incentive compensation plans can attract and retain the best talent and
increase your return on investment
 Discover how to effectively balance the incentives to minimize unintended consequences such as
divisional silos and free riders
 Avoid the pitfall of paying out bonuses in lean years and ensure adequate time for proper
transitions to new plans

Location

Joseph's Restaurant, Four Seasons
3121 W. Gate City Blvd.
Greensboro, 27407