{"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":"

why firms need comp committees and how some of them do it right.<\/strong><\/p>\n

by marc rosenberg, cpa
\nauthor of how to operate a compensation committee<\/a><\/em><\/p>\n

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

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the convergence of three aspects of cpa firm management<\/figcaption><\/figure>\n

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 needs <\/em>them to produce.<\/p>\n

related: \u00a0compensation issues for the new managing partner<\/a>\u00a0 | \u00a020 decisions for your firm\u2019s new partner compensation committee<\/a>\u00a0 | three ways to break partner gridlock in an accounting firm<\/a>\u00a0 | what partners are entitled to, and what they\u2019re not entitled to |<\/a> how to make partner?<\/a>\u00a0 |\u00a0 why accounting firm partners are \u201cpopping prozac like m&m\u2019s\u201d<\/a>\u00a0 | more…<\/a><\/em>
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at most firms, there is a disconnect between these three functions. but at the better managed firms, they are integrated.<\/p>\n

read more →<\/a><\/p>\n