South Florida Chapter
CFMA
South Florida Chapter
NEXT MEETING: FEBRUARY 19, 2014
TOPIC: COMMON PRACTICES AND THE EFFECTIVENESS OF INCENTIVE COMPENSATION February 19, 2014 Sheraton Ft. Lauderdale Airport 1825 Griffin Rd., Dania Beach, FL 33004 PH: 954.920.3500
SPONSORED BY:
7:30 AM Registration & Breakfast 8:00 AM Presentation/Discussion 9:30 AM Meeting Adjourns
INCENTIVE COMPENSATION IS A HUGE INVESTMENT.
CFMA The U.S. construction industry has an enormous opportunity to improve the effectiveness of current incentive compensation programs as only 37% of construction companies use industry market data to ensure adequate incentives. It can be challenging to create an incentive plan that supports your strategic objectives, motivates attainment of stretch goals, provides desired returns and behaviors and yields results. FMI SET OUT TO ANSWER SOME BASIC QUESTIONS to find out what makes incentive compensation more effective in the eyes of top executives in the construction industry. The results of this incentive compensation survey will be revealed during this presentation.
DISCOVER SEVEN CRITICAL ISSUES that are common practices in the construction industry that need to be addressed in order to improve the effectiveness of your incentive program.
UNDERSTAND WHY paying discretionary bonuses are not effective for moving your company forward. LEARN HOW total rewards can attract and retain the best talent and increase your return on investment. DISCOVER HOW to effectively balance the incentives to minimize unintended consequences such as divisional silos and free riders. LEARN HOW to avoid the pitfall of paying out bonuses in lean years and ensure adequate time for proper transitions to new plans.
CO N S T R U C T I O N F I N A N C I A L M A N A G E M E N T A S S O C I AT I O N
CFMA
South Florida Chapter
NEXT MEETING: FEBRUARY 19, 2014
COMMON PRACTICES AND THE EFFECTIVENESS OF
GUEST SPEAKER
INCENTIVE COMPENSATION Radek Knesl, FMI As a consultant with FMI, Radek consults with contracting companies of all sizes throughout the United States and Canada. Radek’s consulting practice within FMI focuses on incentive compensation, sales compensation and executive compensation. Radek has worked on compensation programs for some of FMI’s largest clients. Prior to joining FMI, Radek was the vice president of business development at TCM Bank, where he was instrumental in the formation and growth of the company. He is a proud recipient of the “Million Dollar Turnaround” award. Radek has more than 10 years of financial expertise through consulting in the banking industry focusing on profitability, operational effectiveness and growth strategies.
CFMA As a requested presenter, Radek has ample experience speaking at state and national conventions about his insight into industry best practices. He is fluent in English and Czech. Radek holds a bachelor’s degree, cum laude, in financial management and international business and a master of business administration with a focus on entrepreneurship from The University of Tampa. Furthermore, he is a recipient of the Lingerfelt Ethics Award, recognizing outstanding students with high ethical standards and great potential for professional success.
www.cfma.org
CO N S T R U C T I O N F I N A N C I A L M A N A G E M E N T A S S O C I AT I O N
CFMA
South Florida Chapter
NEXT MEETING: FEBRUARY 19, 2014
TOPIC: COMMON PRACTICES AND THE EFFECTIVENESS OF INCENTIVE COMPENSATION February 19, 2014 Sheraton Ft. Lauderdale Airport 1825 Griffin Rd., Dania Beach, FL 33004 PH: 954.920.3500 7:30 AM Registration & Breakfast 8:00 AM Presentation/Discussion 9:30 AM Meeting Adjourns
REGISTRATION Yes, I want to attend the February CFMA event on: Common Practices and the Effectiveness of Incentive Compensation
CFMA Cost:
Members Walk-In Members
$30.00 $40.00
Non-Members Walk-In Non-Members
NAME: COMPANY: ADDRESS:
_____________________________________________
CITY: PHONE:
_______________________STATE: _______ ZIP:______
E-MAIL:
_____________________________________________
$40.00 $50.00
_____________________________________________
SPONSORED BY:
_____________________________________________
_________________ FAX:________________________
Registration deadline: February 12, 2014 Please return form to: Ms. Sherri Thompson, McGladrey 100 NE Third Avenue, Suite 300 • Fort Lauderdale, FL 33301 Phone: 954.356.5682 • Fax: 954.462.4607 • [email protected]
www.cfma.org
CO N S T R U C T I O N F I N A N C I A L M A N A G E M E N T A S S O C I AT I O N
South Florida Chapter
NEXT MEETING: FEBRUARY 19, 2014
TOPIC: COMMON PRACTICES AND THE EFFECTIVENESS OF INCENTIVE COMPENSATION February 19, 2014 Sheraton Ft. Lauderdale Airport 1825 Griffin Rd., Dania Beach, FL 33004 PH: 954.920.3500
SPONSORED BY:
7:30 AM Registration & Breakfast 8:00 AM Presentation/Discussion 9:30 AM Meeting Adjourns
INCENTIVE COMPENSATION IS A HUGE INVESTMENT.
CFMA The U.S. construction industry has an enormous opportunity to improve the effectiveness of current incentive compensation programs as only 37% of construction companies use industry market data to ensure adequate incentives. It can be challenging to create an incentive plan that supports your strategic objectives, motivates attainment of stretch goals, provides desired returns and behaviors and yields results. FMI SET OUT TO ANSWER SOME BASIC QUESTIONS to find out what makes incentive compensation more effective in the eyes of top executives in the construction industry. The results of this incentive compensation survey will be revealed during this presentation.
DISCOVER SEVEN CRITICAL ISSUES that are common practices in the construction industry that need to be addressed in order to improve the effectiveness of your incentive program.
UNDERSTAND WHY paying discretionary bonuses are not effective for moving your company forward. LEARN HOW total rewards can attract and retain the best talent and increase your return on investment. DISCOVER HOW to effectively balance the incentives to minimize unintended consequences such as divisional silos and free riders. LEARN HOW to avoid the pitfall of paying out bonuses in lean years and ensure adequate time for proper transitions to new plans.
CO N S T R U C T I O N F I N A N C I A L M A N A G E M E N T A S S O C I AT I O N
CFMA
South Florida Chapter
NEXT MEETING: FEBRUARY 19, 2014
COMMON PRACTICES AND THE EFFECTIVENESS OF
GUEST SPEAKER
INCENTIVE COMPENSATION Radek Knesl, FMI As a consultant with FMI, Radek consults with contracting companies of all sizes throughout the United States and Canada. Radek’s consulting practice within FMI focuses on incentive compensation, sales compensation and executive compensation. Radek has worked on compensation programs for some of FMI’s largest clients. Prior to joining FMI, Radek was the vice president of business development at TCM Bank, where he was instrumental in the formation and growth of the company. He is a proud recipient of the “Million Dollar Turnaround” award. Radek has more than 10 years of financial expertise through consulting in the banking industry focusing on profitability, operational effectiveness and growth strategies.
CFMA As a requested presenter, Radek has ample experience speaking at state and national conventions about his insight into industry best practices. He is fluent in English and Czech. Radek holds a bachelor’s degree, cum laude, in financial management and international business and a master of business administration with a focus on entrepreneurship from The University of Tampa. Furthermore, he is a recipient of the Lingerfelt Ethics Award, recognizing outstanding students with high ethical standards and great potential for professional success.
www.cfma.org
CO N S T R U C T I O N F I N A N C I A L M A N A G E M E N T A S S O C I AT I O N
CFMA
South Florida Chapter
NEXT MEETING: FEBRUARY 19, 2014
TOPIC: COMMON PRACTICES AND THE EFFECTIVENESS OF INCENTIVE COMPENSATION February 19, 2014 Sheraton Ft. Lauderdale Airport 1825 Griffin Rd., Dania Beach, FL 33004 PH: 954.920.3500 7:30 AM Registration & Breakfast 8:00 AM Presentation/Discussion 9:30 AM Meeting Adjourns
REGISTRATION Yes, I want to attend the February CFMA event on: Common Practices and the Effectiveness of Incentive Compensation
CFMA Cost:
Members Walk-In Members
$30.00 $40.00
Non-Members Walk-In Non-Members
NAME: COMPANY: ADDRESS:
_____________________________________________
CITY: PHONE:
_______________________STATE: _______ ZIP:______
E-MAIL:
_____________________________________________
$40.00 $50.00
_____________________________________________
SPONSORED BY:
_____________________________________________
_________________ FAX:________________________
Registration deadline: February 12, 2014 Please return form to: Ms. Sherri Thompson, McGladrey 100 NE Third Avenue, Suite 300 • Fort Lauderdale, FL 33301 Phone: 954.356.5682 • Fax: 954.462.4607 • [email protected]
www.cfma.org
CO N S T R U C T I O N F I N A N C I A L M A N A G E M E N T A S S O C I AT I O N
