Masonry Magazine April 1995 Page. 33
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Non-Monetary Incentives
Alternatives that reward employees, company-wide at no cost, that may be useful in replacing across-the-board cost-of-living adjustments.
By LANDON FUNSTEN
Consultant, FMI Corporation
For or many contractors, overhead expenses have undergone enormous scrutiny in an attempt to wring out as many unnecessary expenditures as possible. Often, this process entails at least the maintenance of employee compensation at existing levels, if not outright salary reductions. The lack of funds to award traditional salary increases has caused many firms to seek alternative rewards that are cost-free to the company. The motivation to find some means of rewarding employees has become particularly acute since many employees have been asked to shoulder larger workloads during periods of budgetary cutbacks.
The following are some alternatives that reward employees company-wide at no cost and may be useful in replacing traditional across-the-board cost-of-living adjustments: Flex time. Allowing employees to work any eight hours over a 12-hour period, for example, permits the employee to tailor his or her work schedule closely to his or her personal obligations. Most contractors, however, must be cautious in granting flex time to employees because of the demands of field crews, owners, subcontractors and general contractors.
Four-day week. The option of working four ten-hour days can be a powerful motivator, particularly during off-peak seasons. Again, this may be difficult for employees who have project-related duties.
Option to wear informal clothes. Most employees prefer to wear comfortable, casual clothes in the office. As long as the employee has no interaction with outsiders that may war-
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MASONRY-MARCH/APRIL, 1995 33