{"id":46572,"date":"2016-01-26t05:01:57","date_gmt":"2016-01-26t10:01:57","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=46572"},"modified":"2024-08-14t09:36:06","modified_gmt":"2024-08-14t13:36:06","slug":"partner-compensation-101","status":"publish","type":"post","link":"\/\/www.g005e.com\/2016\/01\/26\/partner-compensation-101\/","title":{"rendered":"partner compensation 101"},"content":{"rendered":"

\"\"bonus checklists: 26 intangible performance attributes and 9 teamwork rules.<\/strong><\/p>\n

by marc rosenberg<\/span><\/i><\/p>\n

a performance-based system links partners\u2019 compensation with their performance.<\/p>\n

more on partner compensation:<\/b> what partners earn and how they earn it<\/span><\/a> | <\/span>partner compensation: an art, not a science<\/span><\/a> | <\/span>how partners view compensation: it\u2019s not all about the money<\/span><\/a> | <\/span>why most partner comp systems are performance-based<\/span><\/a><\/p><\/blockquote>\n

if partners have a \u201cgood year,\u201d however \u201cgood\u201d is measured, they will most likely earn more. partners experiencing a \u201cbad\u201d year or an \u201coff \u201d year should expect to earn less.<\/p>\n

the logic is that if enough partners have \u201cgood\u201d years\u201d the firm will have a \u201cgood\u201d year and as a result, the total income available to the partners will be higher, which hopefully trickles down to each partner\u2019s individual compensation.<\/p>\n

a non-performance-based system is one in which income is allocated based on factors other than performance. the most common examples of non-performance-based systems are:<\/p>\n