Optimize Performance with FAR Allowable Bonus Plans
While bonus plans are common within the AE industry, many lack the necessary structure to truly influence behaviors and outcomes. Additionally, for firms who engage with governmental agencies, there needs to be special consideration about what is allowable under the Federal Acquisition Regulation (FAR).
Watch our on-demand webinar as we delve into strategies to revamp your bonus/incentive plan, positioning it to not only yield results but to align with the stipulations of the FAR. This is your opportunity to enhance team and organizational performance for your firm.
During this webinar, you’ll:
- Craft and implement an impactful bonus/incentive plan
- Understand key components of an allowable plan under FAR
- Empower managers to leverage plans for fostering high-performing teams
Firms that contract with governmental agencies and include bonuses in their claimed compensation must follow FAR to ensure that the bonuses will be includable in their overhead rate as an allowable and reasonable cost. Making certain that your bonuses are allowable is important because your overhead rate can change significantly if you fail to follow FAR guidelines.
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Kristi Weierbach, Ph.D., SPHR, SHRM-SCP
Kellianne Mayer, CPA, CPCM