THE JUST REWARDS PLAN
Why is it that many owners expect their job supervisors to have a plan and to plan ahead when running a project, yet many owners do not have a goal-oriented plan for their business? The Just Rewards method of managing your business will organize your business to put it on the path to improved profits, even in today's tough economic climate. In fact the Just Rewards method is more important today than ever!

What is the Just Rewards organized method of managing? It is a step-by-step process of team goal setting and then constantly measuring the progress towards attaining those team goals. We have all seen those motivational posters with those catchy phrases. Some of the most popular revolve around teamwork—like the one with the rowers in the boat with all the oars going in the same direction. It looks great on the wall, but it diminishes just how difficult it is to get all those rowers synchronized to attain that elusive goal.

Efficient and successful teamwork is the main objective of the Just Rewards management process. But the Just Rewards process doesn't stop with a pretty picture and catchy slogan, once implemented this organized management approach will IMPROVE the profitability of your company while rewarding both you and your employees.


 Benefits of the Just Rewards method of managing include the following:

The method is driven by teamwork and team spirit

• No longer does the success of the company depend on the shoulders of a few, but of many. The sharing of the company's limited resources is encouraged 
• The "blame game" turns into a "learning organization"  

Benchmarks from which to measure are defined:  

• Benchmarks focus on what the employees most control or influence
   Controlling direct and indirect job costs becomes a focus
   Employees learn how their performance affects the company 
• A goal-oriented environment is created

It helps to motivate all of your employees by meeting the human needs for:

• Recognition
  Sense of Achievement
  Sense of Belonging
  Peer Acceptance 
• Financial Security

Profits are improved

• Better productivity = More competitive prices in the marketplace

Components of this process include the following:

Forecasting and budgeting  

• Financial statements are formatted to reflect how the company is operating instead of just following GAAP
   Break-even analysis on a job by job basis
   Bidding strategies
   Backlog—the forgotten number 
• Monthly updates for a rolling forecast
   

Active Job Costing

• Tracking and projecting field manhours to BEAT the estimated time
   Monthly gross margin reviews by Project Managers 
• Monthly Work-in-Process reports (percentage of completion)
   

Just Rewards Bonus Program  

• Protects the company's profitability
   Team-based to reinforce team spirit and drive team productivity
   Driven by what most employees control or influence—direct and indirect job costs
   Recognizes both team effort and individual personal contributions 
• Is supported by written documents
   

By calling Doug Phelps, 215.230.4646 to help you implement the Just Rewards management system, you will gain valuable skills that will benefit you and your company forever.

Recognize the difference between direct, indirect, and overhead expenses and structure your income statements accordingly.
The forecast enables you calculate your break-even recovery rates for indirect and overhead expenses for each bid and for your company during the course of the year.
Make your company more competitive by motivating your employees to add more value to your company
You will learn how to use the forecast for strategic planning and decision making
Gain confidence and increase your comfort level in delegating
responsibilities to key players in your company
Reduce your personal stress by placing the success of the
company on your team.Call Doug Phelps today. Call 215.882.2963. The call is free
and there is no obligation, until you are ready to improve your bottom line.

Hire a proven expert in your industry–Management Consultants for Contractors