Mixed Greens: Using a Variety of Compensation Options to Retain and Hire The Best

Terry Kramer, President, Kramer Management Consulting
Jeff Robinson, President, PAS Inc.

Can your compensation practices withstand and economic rebound? Does your compensation plan promote maximum performance? Recent research indicates that despite employers’ efforts to retain as many great employees as possible during these tough economic times, about 80% of employees surveyed indicated that they are either seeking new employment or networking in anticipation of finding a new job. Don’t let your star talent slip away. This session will identify a variety of compensation trends that can be used to enhance performance while retaining and recruiting the best possible construction workforce as the industry rebounds.

By attending this session, participants will learn to:

• Recognize indicators that predict when market values are going to change;
• Identify next steps to insure competitive compensation;
• Use compensation programs to shape behavior and performance; and
• Discuss the importance of shared company and employee risks and the need for scored performance criteria to create successful compensation programs.