plus: point and counterpoint on 10 tough issues.
by marc rosenberg
in today’s cpa firms, six critical trends are emerging clearly.
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they are some of the toughest questions any firm can face. get them right, and you can avoid a lot of trouble. get them wrong, and, well, you may never need worry about them again.
the top six trends are:
- more compensation committees; fewer formulas.
- linking compensation with strategic planning.
- recognizing the value of intangible performance attributes.
- less emphasis on book of business because other factors such as intangibles must be rewarded.
- less emphasis on billable hour it’s more important what partners do with their non-billable hours (practice development, managing the firm, mentoring staff) than their billable hours.
- more firms are changing from open to closed systems, though the vast majority of firms under $15 million are still open.
but that’s not all. within firms, sometimes heated discussions are taking place over another 10 topics. here they are in point/counter-point form:
which side of the argument is your firm on? and, is it the right for your firm’s future?