Filled with best practices, case studies, and benchmarking data, ZweigWhite’s A/E Incentive Compensation Cookbook will help you design an incentive compensation and bonus plan that will achieve your firm’s strategic goals while motivating and rewarding key employees. This report covers all forms of incentive compensation— performance bonuses, referral bonuses, profit sharing, sales commissions, and more.
Summary of What's Inside:
Learn how to design— or improve— your incentive compensation plan to achieve your firm’s strategic goals while motivating and rewarding key employees
Benchmark your A/E firm’s incentive compensation and bonus programs against your peers and competitors
Get details on performance bonuses, referral compensation, signing bonuses, sales commissions, and more
Find out how to overcome the common challenges in developing a bonus program that is fair for everyone
Read case studies of how firms just like yours have successfully designed and implemented incentive compensation programs
Learn how to design— or improve— your incentive compensation plan to achieve your firm’s strategic goals while motivating and rewarding key employees
Benchmark your A/E firm’s incentive compensation and bonus programs against your peers and competitors
Get details on performance bonuses, referral compensation, signing bonuses, sales commissions, and more
Find out how to overcome the common challenges in developing a bonus program that is fair for everyone
Read case studies of how firms just like yours have successfully designed and implemented incentive compensation programs
Incentive compensation and bonus programs can be powerful tools for A/E firms to motivate and reward staff, attract new employees, and improve firm performance. However, if not designed and implemented properly, an incentive compensation program can actually have a negative effect on morale, productivity, and retention.
With ZweigWhite’s A/E Incentive Compensation Cookbook, you can make sure your firm’s incentive compensation and bonus programs get the results you are looking for. Filled with best practices, case studies, and benchmarking data, this report will help you design an incentive compensation plan that will achieve your firm’s strategic goals while motivating and rewarding key employees.
This report covers all forms of incentive compensation— performance bonuses, referral bonuses, profit sharing, sales commissions, and more. You’ll find out about the benefits of incentive compensation and how to overcome the challenges in developing a bonus program that is fair for everyone. A/E Incentive Compensation Cookbook also details the elements that you will need to consider when designing your firm’s bonus program and provides you with best practices for successful implementation.
Have you ever wanted to see how other firms reward their employees or what other firms’ incentive compensation programs look like? A/E Incentive Compensation Cookbook is filled with real-life case studies and plan descriptions, so you can get an inside look at how other A/E firms are putting bonus programs to work. The case studies profile firms of all types and sizes in the design and environmental industry so you can see how firms just like yours are using incentive compensation programs to their advantage. Get helpful advice from the people who’ve spearheaded incentive compensation projects. Find out how they have determined eligibility and performance measures and how they have addressed the challenges in administering the program. They’ll also tell you what pitfalls to avoid with your own program. Why repeat problems that others have solved?
A/E Incentive Compensation Cookbook also includes data so that you can benchmark your firm against the rest of the industry. Find out how much other firms spend on bonuses, so you can see how your firm compares.
Incentive compensation can be confusing. There are so many different options and ways to structure incentive compensation. Where do you start? What’s right for your firm? What are other firms doing? A/E Incentive Compensation Cookbook will help you answer these questions and more.
This book is perfect for design and environmental firm leaders, financial managers, operations managers, and human resources directors (particularly those with little experience in the A/E industry) looking to design an incentive compensation system, but don’t know where to start. And if you already have an incentive compensation program, compare yours to others in the industry to see if you can make any enhancements. Don’t struggle with your incentive compensation program any longer. Purchase the A/E Incentive Compensation Cookbook today.
Foreword
Chapter 1: The Pros and Cons of Incentive Compensation
The benefits of incentive compensation
The challenges with incentive compensation
Chapter 2: Types of Incentive Compensation
Profit sharing
Performance bonus
Referral compensation
Signing bonus
Retention bonus
Spot bonus
Sales commission
Equity-based incentive plans
Project bonus
Holiday bonus
Years of service bonus
Chapter 3: Elements of an Incentive Compensation Program
Project team
Compensation philosophy and goal
Plan selection
Employee eligibility
Performance metrics
Size of payout
Timing of payout
Plan administration
Plan communication
Chapter 4: Keys to a Successful Incentive Compensation Program
Chapter 5: Incentive Compensation Benchmarks for A/E Firms
Use of bonuses
Spending on bonuses
Criteria for bonuses
Frequency of bonuses
Referral compensation
Spot bonuses
Holiday bonuses
Sales commissions
Bonuses for A/E management positions - Principal - Branch Office Manager - Financial Director - Project Manager - Information Technology Manager - Human Resources Director - Marketing Director
Chapter 6: A/E Incentive Compensation Case Studies (Details on actual incentive compensation plans that have been implemented by firms of all types and sizes)
Customers who bought this item also bought
A/E Job Descriptions and CD-ROM Don’t struggle with your job descriptions any longer! Use this new resource to do anything from creating a help-wanted ad to crafting a solid offer letter to a prized recruit.
A/E Policy Manual and CD-ROM Create a comprehensive policy manual for your architecture or engineering firm with this book and CD-ROM
Incentive Compensation Survey, 2007 A/E industry statistics on performance bonuses, profit sharing, signing and retention bonuses, and other types of incentive compensation, along with firm leaders’ opinions on the most and least successful incentive compensation plans.
A/E Strategic Planning Cookbook Successful design and construction firms anticipate issues, prepare for the future, and take control of their own destinies through strategic planning. Get a step-by-step guide to creating an effective plan for your firm-- one that truly works and adds value to your A/E firm.
Related Items
The Zweig HR Letter In each issue, The Zweig HR Letter delivers dozens of ideas on how to attract top candidates, how to motivate and retain key employees, how to offer competitive compensation and benefits, the latest HR legal considerations, and more.
Incentive Compensation Survey, 2007 A/E industry statistics on performance bonuses, profit sharing, signing and retention bonuses, and other types of incentive compensation, along with firm leaders’ opinions on the most and least successful incentive compensation plans.
A/E Recruitment & Retention Cookbook Learn how your firm can gain a competitive advantage in today’s A/E talent war. You’ll learn where to find the best people, how to screen and interview them, how to keep the best people you’ve fought hard to win, and more!
Solved: The 10 Biggest Issues Facing the A/E Industry Insight into 10 of the most difficult problems A/E firm leaders are grappling with and the solutions and best practices that ZweigWhite has identified to be most successful in solving them.