Financial incentive programs come up as discussion topics at peer group meetings – especially newer groups – all the time. After 30+ years of experiencing contractors search for and fail to find the ideal incentives program, might we conclude that the “perfect” plan simply does not exist? If cash incentives aren’t all they’re cracked up to be (not to mention the fact that they often backfire and produce unhealthy behaviors and other unintended consequences), what does an enlightened contractor do to reward productive employees?

Tune in this week as Wayne offers seven strategies for helping your employees feel better recognized and rewarded. What do you think? Are cash incentives the way to go? Or not? What has been your experience? Please share with us in the comments section.

The next Contractor Business Boot Camp class will be in Raleigh Feb. 9-10, 2023. Don’t get left out! Contact Charlotte now at ckopp@familybusinessinstitute.com and get on the roster before the class is full!