18 lessons to take to heart. and a few words of warning.
by marc rosenberg
partner comp: art & science
operating a compensation committee isn’t for the faint of heart. here are points all members would do well to heed.
more on partner compensation: 5 other systems for paying partners | the 3 best partner compensation formulas | 11 points in designing a partner comp system | what partners earn and how they earn it | how partners view compensation: it’s not all about the money | why most partner comp systems are performance-based
1. the partners must understand the heart and soul of the compensation committee (cc) approach: the system can only work if the people being judged are willing to trust the judges. period. if the partners aren’t comfortable with this, they should not use the cc.
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