In this episode of the PTB, host Dominic Rubino sits down with Michael Fortinberry, founder of Perennial Construction, to discuss the power of innovative pay models in the construction industry. Fortinberry shares valuable insights on how to improve productivity, enhance quality, and keep your workforce satisfied.
Listeners will learn about the pitfalls of traditional hourly pay models and how they fail to incentivize productivity and quality. Fortinberry describes how a hybrid compensation model, like the one implemented at Perennial Construction, can change behaviour and boost productivity.
The conversation also delves into productivity-based compensation and its potential to revolutionize the industry. Fortinberry emphasizes the importance of aligning compensation with job bids to protect profitability and how to identify key performance indicators (KPIs) for your business.
The episode also explores the role of technology in enhancing efficiency, reducing production times, and increasing employee satisfaction. Fortinberry shares his experience developing software for Perennial Construction and how it led to the creation of his new company, Protive.
Tune in to this episode to discover how to boost productivity in your construction business and keep your workforce happy and satisfied.