What you need to know about compensation in construction

What you need to know about compensation in construction - Sage

A limited pool of workers is causing many construction companies to rethink pay structures and benefits to keep and retain the workers they need.

What to Know About Compensation in the Construction - Dots

Compensation in the construction industry often goes beyond just the hourly wage and often includes benefits, bonuses, and other incentives.

What to Know About Compensation in the Construction Industry - Dots

Compensation in the construction industry often goes beyond just the hourly wage and often includes benefits, bonuses, and other incentives. In ...

Contract Basics for Contractors: Contractor Compensation - Learn

As we have discussed in the previous articles in this series, the ... project should be considered when determining which compensation method is ...

Basics: How do I know if I am in the construction industry?

If you erect, alter, demolish or repair improvements you are regarded as a construction industry employer and are required to purchase workers′ compensation ...

How to Ensure Fair Compensation on Construction Projects

Fruitful payment terms for both parties rely on transparent negotiations. Parties must outline work scope, project timelines, and expectations ...

How to Structure Compensation for Owners + Key Employees

Before reviewing your construction company compensation plan, it could first help identify the key employees you're most interested in ...

Compensation Packages in Residential Construction

Every team member you hire is an investment in your company's future. One which you need to maximize to be successful.

What Builders Need to Know About Workers' Comp

If you ever have anyone working for you, even on a temporary basis, workers' compensation coverage is required for ALL employment, and employers ...

Construction Wages and Recommendations 2022 | FMI Corp

Engineering and Construction Compensation: What Executives Need to Know · Tracking Key Compensation Trends · Other Key Drivers · Dealing With the Pressures.

Workers Compensation Construction: Top Guide for 2024

For construction businesses, workers' compensation isn't just a legal requirement; it's a necessity. Without it, the costs of medical bills and ...

Incentivized Compensation Packages for Construction Employees

Having incentives in compensation packages for your employees helps you grow your highway construction business. You increase the likelihood of ...

Getting Paid in Construction: The 15-Step Guide for Businesses

In order to get paid on time in construction, you have to understand contracts, notices, pay applications, change orders, mechanics liens, bond ...

What You Need to Know about Construction Workers Comp ...

Construction workers comp insurance rates vary from state to state. However, on average, employers pay around $1 per $100 of payroll.

The Construction Industry Under the Fair Labor Standards Act (FLSA)

A business in the construction industry must have two or more employees and have an annual gross sales volume of $500,000 or more to be subject to the FLSA.

Construction Payment Applications: A Guide for Contractors - Procore

Owners may have architects tour the jobsite to ensure the work included in the pay application is actually complete. If the billed work is ...

Construction payroll 101: A beginner's guide for contractors - Knowify

In this guide, we'll give contractors everything they need to know ... While the certified payroll report ensures that you pay employees a ...

What You Need To Know About Construction Accident Claims

After a construction accident, many workers may wonder if they should file a claim or pursue compensation. It's essential to understand that ...

Pay & Performance Incentives That Work

Many construction companies offer some form of bonus plan, but few feature a results-based incentive program. Some owners use bonus plans based on longevity ...

How Does Workers' Compensation Work in Construction?

Injuries can happen on a construction site. Here's what you should know about workers' compensation insurance and suing for damages.