Upcoming Online Classes: Thriving in the new Market Reality and Solving the Profit Sharing Dilemma

ACEC News / Education

July 22, 2021

Upcoming Online Classes: Thriving in the new Market Reality and Solving the Profit Sharing Dilemma

Growth Priorities in the New Social and Economic Norm
Tuesday, July 27, 1:30-2:30 PM Eastern

The world is permanently altered. The workplace has changed as society has experienced a new way of living. Firms that recognize which changes are permanent and effectively respond to their clients’ and employees’ new outlook will advance at an accelerated pace.

In this online class, Meridian Associates CEO Doug Reed will highlight the priorities, leadership skills, and employee engagement techniques to lead a movement where all employees connect their own goals to the firm’s such that barriers are overcome, and growth remains true.

This presentation will help you grasp the core issues for your firm and clearly understand the available options given the financial runway.

Participant takeaways include:

• Learn the new perspectives on work-life balance and how they play in the business world
• Explore how to lead change with so many clients and employees working remote or at least a hybrid
• Identify the top initiatives that have proven effective following a recession to leverage emerging opportunities
• Examine the elements of leading a movement across the entire company to manage risks, enhance the customer experience and to grow the capability of your leadership team

Click here for more information and to register

Profit Sharing Solved! Ditch Your Old Bonus Program Now
Wednesday, July 28, 1:30-2:30 PM Eastern

No matter what name you give it, when you pay out a bonus, you’re sharing a piece of your firm’s profits with your team.

In this class, Ryan Jolley of Jones & DeMille Engineering and Chandra Storrusten of Visible Value will take a deep dive into a true “profit-sharing” bonus model that one company uses to equitably distribute bonuses to their team and how they created and now use a cloud-based platform to do this for them.

Get answers to key questions:

• What role does firm profitability and profit variability have in determining how much to share?
• What is project profitability and why should project profitability be the primary driver in bonus calculations?
• How do you reward everyone equitably when all projects aren’t created equal?
• How do you reward those that don’t work on projects?
• Your people are smart, so how do you keep them from “gaming the system” to make their projects appear more profitable?

Click here for more information and to register.

All comments to blog posts will be moderated by ACEC staff.