{"id":21859,"date":"2012-08-09t04:31:59","date_gmt":"2012-08-09t08:31:59","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=21859"},"modified":"2024-08-14t09:37:06","modified_gmt":"2024-08-14t13:37:06","slug":"the-essential-factors-in-a-successful-partner-compensation-system","status":"publish","type":"post","link":"\/\/www.g005e.com\/2012\/08\/09\/the-essential-factors-in-a-successful-partner-compensation-system\/","title":{"rendered":"the keys to success for compensation committees"},"content":{"rendered":"<p><strong>why firms need comp committees and how some of them do it right.<\/strong><\/p>\n<p>by marc rosenberg, cpa<em><br \/>\nauthor of <a href=\"http:\/\/www.icontact-archive.com\/rrnqrindhs4xpx1vkgjfvjoolqginabc6oix6_3g9qu=?w=3\">how to operate a compensation committee<\/a><\/em><\/p>\n<p>cpa firms are increasingly turning to the use of formal compensation committees for a number of reasons. chief among them: it\u2019s the best way to achieve a balance between recognizing traditional production accomplishments and rewarding intangibles.<\/p>\n<figure id=\"attachment_21860\" class=\"thumbnail wp-caption alignright\" style=\"width: 300px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-21860\" title=\"screen shot 2012-08-08 at 7.31.10 pm\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-300x253.png\" alt=\"\" width=\"300\" height=\"253\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-300x253.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-171x145.png 171w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-190x160.png 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm.png 612w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"caption wp-caption-text\">the convergence of three aspects of cpa firm management<\/figcaption><\/figure>\n<p>the compensation committee approach aligns the firm\u2019s (1) strategic plan and core values with how partners are (2) evaluated and how they are (3) compensated. it motivates partners to produce what the firm <em>needs <\/em>them to produce.<\/p>\n<p style=\"padding-left: 60px;\"><em>related: \u00a0<a title=\"permanent link to: compensation issues for the new managing partner\" href=\"\/\/www.g005e.com\/2012\/08\/02\/after-the-baby-boom-a-new-generation-of-managing-partner-takes-over\/\">compensation issues for the new managing partner<\/a>\u00a0 | \u00a0<a title=\"permanent link to: 20 decisions for your firm\u2019s new partner compensation committee\" href=\"\/\/www.g005e.com\/2012\/07\/26\/20-decisions-for-your-firms-new-compensation-committee\/\">20 decisions for your firm\u2019s new partner compensation committee<\/a>\u00a0 | <a title=\"permanent link to: three ways to break partner gridlock in an accounting firm\" href=\"\/\/www.g005e.com\/2012\/07\/19\/why-one-partner-one-vote-isnt-always-the-best-way-to-run-a-firm\/\">three ways to break partner gridlock in an accounting firm<\/a>\u00a0 | <a title=\"permanent link to: what partners are entitled to\u2026\" href=\"\/\/www.g005e.com\/2012\/07\/12\/what-partners-are-entitled-to\/\">what partners are entitled to, and what they\u2019re not entitled to |<\/a> <a title=\"permanent link to how to make partner?\" href=\"\/\/www.g005e.com\/2012\/07\/05\/how-secrets-hurt-a-cpa-firm\/\">how to make partner?<\/a>\u00a0 |\u00a0 <a href=\"\/\/www.g005e.com\/2012\/06\/26\/why-accounting-firm-partners-are-popping-prozac-like-mms\/\">why accounting firm partners are \u201cpopping prozac like m&amp;m\u2019s\u201d<\/a>\u00a0 | <a href=\"\/\/www.g005e.com\/?s=marc+rosenberg\" target=\"_blank\" rel=\"noopener\">more&#8230;<\/a><\/em><strong><br \/>\n<br title=\"permanent link to why accounting firm partners are \u201cpopping prozac like m&amp;m\u2019s\u201d\" \/><\/strong><\/p>\n<p>at most firms, there is a disconnect between these three functions. but at the better managed firms, they are integrated.<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2012\/08\/09\/the-essential-factors-in-a-successful-partner-compensation-system\/#more-21859\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>why firms need comp committees and how some of them do it right.<\/strong><\/p>\n<p>by marc rosenberg, cpa<em><br \/>\nauthor of <a href=\"http:\/\/www.icontact-archive.com\/rrnqrindhs4xpx1vkgjfvjoolqginabc6oix6_3g9qu=?w=3\">how to operate a compensation committee<\/a><\/em><\/p>\n<p>cpa firms are increasingly turning to the use of formal compensation committees for a number of reasons. chief among them: it\u2019s the best way to achieve a balance between recognizing traditional production accomplishments and rewarding intangibles.<\/p>\n<figure id=\"attachment_21860\" class=\"thumbnail wp-caption alignright\" style=\"width: 300px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-21860\" title=\"screen shot 2012-08-08 at 7.31.10 pm\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-300x253.png\" alt=\"\" width=\"300\" height=\"253\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-300x253.png 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm.png 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-171x145.png 171w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm-190x160.png 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/08\/screen-shot-2012-08-08-at-7.31.10-pm.png 612w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"caption wp-caption-text\">the convergence of three aspects of cpa firm management<\/figcaption><\/figure>\n<p>the compensation committee approach aligns the firm\u2019s (1) strategic plan and core values with how partners are (2) evaluated and how they are (3) compensated. it motivates partners to produce what the firm <em>needs <\/em>them to produce.<\/p>\n<p style=\"padding-left: 60px;\"><em>related: \u00a0<a title=\"permanent link to: compensation issues for the new managing partner\" href=\"\/\/www.g005e.com\/2012\/08\/02\/after-the-baby-boom-a-new-generation-of-managing-partner-takes-over\/\">compensation issues for the new managing partner<\/a>\u00a0 | \u00a0<a title=\"permanent link to: 20 decisions for your firm\u2019s new partner compensation committee\" href=\"\/\/www.g005e.com\/2012\/07\/26\/20-decisions-for-your-firms-new-compensation-committee\/\">20 decisions for your firm\u2019s new partner compensation committee<\/a>\u00a0 | <a title=\"permanent link to: three ways to break partner gridlock in an accounting firm\" href=\"\/\/www.g005e.com\/2012\/07\/19\/why-one-partner-one-vote-isnt-always-the-best-way-to-run-a-firm\/\">three ways to break partner gridlock in an accounting firm<\/a>\u00a0 | <a title=\"permanent link to: what partners are entitled to\u2026\" href=\"\/\/www.g005e.com\/2012\/07\/12\/what-partners-are-entitled-to\/\">what partners are entitled to, and what they\u2019re not entitled to |<\/a> <a title=\"permanent link to how to make partner?\" href=\"\/\/www.g005e.com\/2012\/07\/05\/how-secrets-hurt-a-cpa-firm\/\">how to make partner?<\/a>\u00a0 |\u00a0 <a href=\"\/\/www.g005e.com\/2012\/06\/26\/why-accounting-firm-partners-are-popping-prozac-like-mms\/\">why accounting firm partners are \u201cpopping prozac like m&amp;m\u2019s\u201d<\/a>\u00a0 | <a href=\"\/\/www.g005e.com\/?s=marc+rosenberg\" target=\"_blank\" rel=\"noopener\">more&#8230;<\/a><\/em><strong><br \/>\n<br title=\"permanent link to why accounting firm partners are \u201cpopping prozac like m&amp;m\u2019s\u201d\" \/><\/strong><\/p>\n<p>at most firms, there is a disconnect between these three functions. but at the better managed firms, they are integrated.<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2012\/08\/09\/the-essential-factors-in-a-successful-partner-compensation-system\/#more-21859\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":17,"featured_media":21860,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5,2374,3120,2266],"tags":[2429,1107,86,572,38,1416],"class_list":["post-21859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-outlook","category-pay-compensation","category-pro-member-exclusive","category-partner","tag-earnings","tag-governance","tag-partner","tag-pay","tag-salary","tag-wages","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- 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