Sunday, June 10, 2007

Incentive Programs

I have always felt incentive programs are an essential part of business. People want to be rewarded for going above and beyond. George Lucas, when Empire Strikes Back was released and was an absolute block buster, gave more than $5 million in rewards to his staff, and apparently that went to everyone, even that kid who scrubs the toilets on Hoth.

George Lucas provided the vision, and most of the direct financial costs, bot don't you think the cast also took risks? What if the movie had been a flop? What would have happened to their careers? George took a lot of direct risk, but everyone involved had some risk.

Incentive programs in construction can be very simple, because the goals are so measurable. Incentives need to be tied directly to the work.

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