Items Tagged with 'employee compensation'

A strong benefits plan creates peace of mind and is an important aspect of employee well-being, allowing workers to focus on their careers and the business at hand. 

HVAC leaders can use these three steps to turn feedback into better decisions. 

Pay raises aren't the only way to keep top talent on your team.

Struggling to keep your HVACR technicians from jumping ship? Join the club. With skilled labor harder to find than ever, contractors are turning to creative incentive programs that go beyond just paychecks — boosting morale, sparking friendly competition, and building loyalty for the long haul.  

While the exact amount of ownership program payouts will depend on overall company performance, Parts Town Unlimited's Town Shares program is intended to become a meaningful wealth-creation opportunity that can significantly impact the lives of team members and their families.

Learn how HVAC companies can increase retention by giving their employees a stake in the company’s success through phantom stock plans.

Hiring with hidden costs? Beyond just salary and benefits, hidden expenses like recruiting, training, and lost productivity can significantly impact an HVAC contractor’s bottom line—making retention more valuable than they may realize.

Dr. Anirban Basu, Chief Economist for SMACNA, anticipates a busy 2024 for the construction industry.