At the end of the day, the compensation plan should reflect our goals. When you’re in construction, you’ll want to look at a lot of different things: the quality of the construction, the amount of money you’ll receive, how you’ll be able to pay your bills, and what you’ll get out of the job.
One of the best things about construction is that youre not just getting a job, but also the chance to make a living from it. Its part of the whole “make money” thing, but if youre not looking into the long term, you might end up regretting it.
One of the best ways to look long term is to get a company with a good long term compensation plan. In our own study, the best compensation plans pay you well every year, but can be as little as $500 to $2,000 total compensation. The downside is that the company is doing things like not keeping your schedule in the best light, sending out monthly reports, and keeping your overhead costs low.
While you can’t guarantee a company will put you in a position where you can make $1,000 in two years, you can at least give it a shot. That being said, most companies take their time to build these plans and will look at you as if you were a number and not the person working for them. Once you give them a chance, you’ll find that they are usually quite flexible.
This is probably the biggest reason why people leave before they get a chance to make it big. When a company says they have a long-term plan, they usually give it to you as a way of getting you to sign a contract. Once you sign, you become their slave and have to follow their schedule. This is particularly common in the software world where companies can set up a schedule for you that gives you a deadline and a time.
This is why I don’t really see the point of long-term compensation plans. They usually have the same flaws with them as any other contract: they force you to do stuff you don’t want to do. You are stuck with people you don’t like and don’t want to be associated with. They are a good way to prevent new investors from making it big and getting out.
The problem with long-term compensation plans is that it is almost impossible to get your work done. You have to do it over and over again. This is why I always recommend that new business owners start with short-term compensation plans. These can be great because you are bound to get your work done when it is due. These are also great because you arent forced to do work you don’t like and dont want to do.
The problem with long-term compensation plans is that they are a lot of work to get done. You have to do everything by yourself. When you have to do it all by yourself, it is pretty easy to fall off the wagon and do something else. You have to go back and do it all over and over again.
A long term compensation plan might not be a bad idea. Its good to have a plan that will get you money when you need it if you are able to make it work. But it certainly won’t be a good idea for a reason. Even though you get paid when you need it, you don’t just get paid when you need it. You have to actually do the work you need to do to get the money.
I know, I know. But it is pretty important that you do it. If you don’t actually do the work you need to do to get the money, that money is worthless. What happens if you don’t work hard enough? You don’t get paid at all. A long term compensation plan will only work if you actually do the work. You might not be able to get the money right away, but it will still be there.