12 Compensation and Recruiting Errors You Don't Want to Make

PSMJ Resources, Inc.
Posted on: 08/08/17
Written by: PSMJ Resources, Inc.

images (5)-2.jpgIn today's architecture and engineering firm, designing and implementing an effective compensation and benefits plan can be challenging, especially as the war for talent heats up. 

Here are 12 compensation and recruiting mistakes you do not want to make in your efforts toattract and keep top design talent.

  1. Using standardized position descriptions to determine compensation for your technical staff.

  2. Unknowingly designing your recruiting program in a way that completely turns off Millennials.

  3. Using poorly-designed employee referral bonus programs that incentivize the wrong behavior.

  4. Basing salary adjustments on Consumer Price Index data for various geographic locations.

  5. Assuming your salaries are consistent with the market based solely on anecdotal data.

  6. Attending college job fairs to attract graduates.

  7. Hiring new employees at the lowest possible salary.

  8. Failing to separate equity bonuses from performance-based bonuses for Principals.

  9. Waiting to start looking for talent until you actually need talent.

  10. Giving all employees bonuses regardless of their individual performance.

  11. Inviting candidates for a personal interview before you are 90% sure you will make them an offer.

  12. Failing to properly “sell” candidates so they accept your employment offer.

Compensation_400x400.jpgPSMJ has designed Compensation and Recruiting in Today’s A/E/C Labor Market through decades of real-world experience from some of the A/E/C industry’s most successful firms. After two days in this engaging program, you will leave with specific strategies for banishing profit-draining compensation and recruiting mistakes from your firm.

Register Now!

SUBSCRIBE TO BLOG:
February 12, 2025

AEC Transaction News

February 6, 2025 –Houston, TX – Consor Holdings LLC, a leading North American engineering and consulting firm, announces the acquisition of Murfee Engineering Company, a..

Read More
February 12, 2025

SPY vs. PSMJ16

How is the A/E/C industry doing compared to the overall economy, and how can you apply stock price trends of publicly traded companies to making better strategic decisions for..

Read More
February 12, 2025

Show Your Work: Why Good Accounting is The Lynchpin To Any Deal

Dear Insider, Maybe you have a CFO and a team of accountants, maybe you have a bookkeeper, or maybe you have something in between. Selling your business is a high-stakes..

Read More