In any small business, retaining skilled employees is important for long-term success. For plumbing and HVAC contractors, it’s not just important — it’s crucial to success. High turnover rates can lead to costly disruptions, lost productivity and diminished customer satisfaction. To combat this, many home service contractors are exploring innovative ways to incentivize their workforce to stay.
One new company is offering a unique path to employee retention. Reins was founded just last year by Chris Buttenham and his partner. The company is focused on helping small businesses incentivize their most valuable contributors through phantom stock and profit-sharing plans. I had the chance to meet Buttenham and chat with him during the Strategic Partner Trade Show at Nexstar Network’s Super Meeting last month.
