The Best Compensation Strategies for Creating Efficient, Engaged Teams
Michael Fortinberry is the Co-founder and COO at Protiv, a company that helps link compensation to productivity. Protiv has proven that it’s possible to increase employee wages without increasing labor costs. After two years of testing that spanned nearly 8,000 projects, Protiv entered the market and powered the evolution of hourly compensation.
Michael is the Founder of Sciovia. He’s also the former Senior Vice President at Perennial Construction Solutions, the nation’s largest multi-family turnover and renovation company, and was previously the Vice President of PPG Industries.
Here’s a glimpse of what you’ll learn:
- Michael Fortinberry talks about his background in construction and real estate — and how that led to founding Protiv
- Michael’s tips to incentivize employees and create a partnership with them
- How can you make more money without trimming your labor costs?
- Michael shares his strategies for recruiting A players
- The pros and cons of subcontractors versus employees
- Michael breaks down Protiv’s compensation and productivity model
In this episode…
Contractors in the construction industry have seen this problem all too often: productivity lags behind, the team can’t stay on schedule, and you spend extra days — or weeks — at a job site. So what can you do to fix this problem?
It comes down to employee compensation, productivity, and engagement. You can’t ask employees to go above and beyond without compensating them, or you’ll quickly lose your team. So what’s the solution? Create a partnership with your employees, motivate them, and make sure you’re reinforcing great work with rewards every single week.
In this episode of This is Concrete, Chad Gill is joined by Michael Fortinberry, Co-founder and COO at Protiv, to talk about compensation strategies that work long-term. Michael breaks down Protiv’s compensation solution, discusses why it’s vital to link compensation with productivity, and explains why bonuses and raises don’t work as well as weekly rewards.
Resources Mentioned in this episode
- Chad Gill on LinkedIn
- Michael Fortinberry on LinkedIn
- Tom Bouwer on This is Concrete
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