Here’s a brief glance at what you’ll find in the July/August issue…

 Nonqualified deferred compensation plans
Reward, retain key employees with these arrangements

Many contractors have a few key employees who play a critical role in their construction company’s success, and they want to reward these superstars for their hard work while increasing the likelihood that they won’t jump ship to the competition or strike out on their own. In these cases, a nonqualified deferred compensation (NQDC) plan may be just what a construction company owner is looking for. This article describes the ins and outs of these arrangements, which allow business owners to give their very best employees an extra, tax-deferred retirement reward that can be structured in a variety of ways.

 PPE should be on employers’ dime, OSHA says

It’s a decision the Occupational Safety and Health Administration (OSHA) says could prevent thousands of work-related injuries each year. That is, the agency now requires employers to provide employees with virtually all of their personal protective equipment (PPE), such as hard hats and nonprescription safety goggles. This article explains the rationale behind this new rule along with the finer points of abiding by it.

 Worth a look: Web-based project management software

Many construction company owners have their own distinctive means of managing jobs, be it a simple spreadsheet or a more advanced tool. Nonetheless, one upgrade that’s well worth looking into is Web-based project management software. This article looks at the functionality and benefits of these applications.

 Do you know how much worker turnover is costing you?

Estimates on the cost of turnover vary widely but, however you crunch the numbers, it’s expensive. And that’s precisely why it’s so important that contractors figure out how much turnover is costing their construction businesses. This article offers a way to do just that and explores some options for cutting turnover costs as well.

 Construction Success Story
Cost segregation study gives one contractor a competitive edge

In this issue’s “Construction Success Story,” we tell the tale of a commercial contractor who wanted to expand his market base by bidding on a proposed medical clinic. He knew his team could do the job, but one of his competitors had more experience in the construction of health care facilities. To gain a competitive edge, his financial advisor came up with a bold idea: As part of his bid proposal, the contractor could suggest organizing a cost segregation study.