{"id":44188,"date":"2015-10-18t11:01:20","date_gmt":"2015-10-18t15:01:20","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=44188"},"modified":"2024-08-14t09:36:16","modified_gmt":"2024-08-14t13:36:16","slug":"todays-top-six-partner-compensation-trends","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/10\/18\/todays-top-six-partner-compensation-trends\/","title":{"rendered":"today’s top six partner compensation trends"},"content":{"rendered":"
<\/p>\n
why so many pay-for-performance plans are a flop.<\/strong><\/p>\n by august aquila<\/em> many of us, including myself, thought that the right compensation plan would solve the answer to underperformance and motivation. over the last ten years or so, firms have moved from a formula-based plan to a pay-for-performance plan which takes into consideration, production, business development, value enhancement and behavioral factors. and, while this has helped place more emphasis on performance, it hasn’t been a magic bullet. why are so many firms still missing the boat when it comes to motivating partners and staff to perform at a higher level?<\/p>\n more on leadership: 5 questions about your firm\u2019s direction<\/a> | 6 reasons to keep partners from retiring<\/a> | 6 reasons why cpa firms fail in innovation<\/a> | 6 steps to handle staffing problems in a merger<\/a> | 7 signs your firm is headed for an implosion<\/a> | it\u2019s not always about money: 16 tweaks for your comp system<\/a> | eight key goal areas for partners<\/a> | like herding cats: partners must \u2018walk together\u2019<\/a> | managing partners must remember partners\u2019 needs<\/a> | new times call for new cpa firm metrics<\/a> | partners have love-hate relationship with leadership<\/a> | 6 things leaders must do<\/a> | 8 financial ducks to line up now<\/a>| partnership is about persuasion<\/a><\/p><\/blockquote>\n janice kaplan, in the new book, “the gratitude diaries: how a year looking on the bright side can transform your life<\/a>,” refers to a survey on gratitude in which some 80% americans say that receiving gratitude makes them work harder, but only 10% of the survey respondents managed to express gratitude to others on a daily basis.<\/p>\n read more →<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" <\/p>\n why so many pay-for-performance plans are a flop.<\/strong><\/p>\n by august aquila<\/em> many of us, including myself, thought that the right compensation plan would solve the answer to underperformance and motivation. over the last ten years or so, firms have moved from a formula-based plan to a pay-for-performance plan which takes into consideration, production, business development, value enhancement and behavioral factors. and, while this has helped place more emphasis on performance, it hasn’t been a magic bullet. why are so many firms still missing the boat when it comes to motivating partners and staff to perform at a higher level?<\/p>\n more on leadership: 5 questions about your firm\u2019s direction<\/a> | 6 reasons to keep partners from retiring<\/a> | 6 reasons why cpa firms fail in innovation<\/a> | 6 steps to handle staffing problems in a merger<\/a> | 7 signs your firm is headed for an implosion<\/a> | it\u2019s not always about money: 16 tweaks for your comp system<\/a> | eight key goal areas for partners<\/a> | like herding cats: partners must \u2018walk together\u2019<\/a> | managing partners must remember partners\u2019 needs<\/a> | new times call for new cpa firm metrics<\/a> | partners have love-hate relationship with leadership<\/a> | 6 things leaders must do<\/a> | 8 financial ducks to line up now<\/a>| partnership is about persuasion<\/a><\/p>\n<\/blockquote>\n
\ncreating the effective partnership<\/em><\/a><\/p>\n
\ncreating the effective partnership<\/em><\/a><\/p>\n\n