Caleb Auman Breaks Down Bonus Structures

bonus structures Nov 20, 2023

On the latest episode of the Kid Contractor Podcast, Caleb Auman discusses implementing bonus structures and incentive programs at his landscape company. He goes through an article from Hardscape Magazine that analyzes the pros and cons of different bonus plan options. Caleb cautions that any system needs to be carefully planned out to avoid unintended consequences. He mentions potential pitfalls like employees adjusting their lifestyles to expect bonuses or feeling resentful if more experienced workers get tougher jobs. Caleb also stresses the importance of having accurate job costing data to properly implement and track any bonus program. This episode provides helpful insights for contractors considering changing their compensation models. Be sure to listen to the full episode here!

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