Fayetteville, AR. — June 13, 2016 — Zweig Group survey on incentive compensation plans for the architecture, engineering, planning, and environmental consulting firms is due for release at the end of June. Profit sharing, bonuses types, and monetary rewards are just a few of the ways successful A/E industry firms find the balance to grow talented employees, reward work, and manage costs. In its 2016 Incentive Compensation Survey of A/E/P & Environmental Consulting Firms, Zweig Group uncovers some underlying themes that firms are using to reward their employees.
Almost 40 percent of survey respondents say they have an “overall firm-wide budget,” while 14 percent budget by the particular “type of bonus,” and nearly 10 percent budget by particular “business unit/service lines or branch offices.” Because companies are looking to run lean and get the most out of the quality staff that they have, many firms are using increased incentive spending as a way to motivate their staffs. More than half (52 percent) of the survey respondents are expecting to increase their overall incentive compensation spend next year.
While every firm is looking to find the best mix of plans to motivate its staff, 53 percent of respondents found that performance bonuses were the best way to effectively compensate employees for their efforts.
Zweig Group’s 2016 Incentive Compensation Survey looks across the spectrum of rewards systems and provides meaningful metrics that can help readers identify where they might be spending too much and/or where they might be able to distribute profits to keep their teams motivated. The 2016 Incentive Compensation Survey includes responses from presidents, CEOs and HR directors of some of today's most successful A/E/P and environmental consulting firms, for qualitative management advice coupled with standardized metrics. More information on the survey is available here: https://zweiggroup.net/sandbox/p-2245-incentive-compensation-survey-2016