{"id":48798,"date":"2016-05-08t05:00:00","date_gmt":"2016-05-08t09:00:00","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=48798"},"modified":"2024-08-14t09:35:52","modified_gmt":"2024-08-14t13:35:52","slug":"open-vs-closed-compensation-systems","status":"publish","type":"post","link":"\/\/www.g005e.com\/2016\/05\/08\/open-vs-closed-compensation-systems\/","title":{"rendered":"partner pay: open vs. closed compensation systems"},"content":{"rendered":"
<\/a>both have advantages.<\/strong><\/p>\n by marc rosenberg<\/span><\/i> \u201cif people are concerned about their absolute level of compensation, then they can be satisfied. however, if their focus is on relative standing, then they can never be satisfied.\u201d<\/p>\n \u2013 andrew grove, former chairman, intel<\/em><\/span><\/p><\/blockquote>\n an open compensation system is one in which all partners know the earnings of all partners.<\/p>\n more on partner compensation:<\/b> 5 other systems for paying partners<\/span><\/a> | <\/span>3 non-performance-based comp systems<\/span><\/a> | <\/span>3 subjective compensation systems<\/span><\/a> | <\/span>partner compensation 101<\/a>\u00a0<\/span>|<\/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 a closed system is one in which a limited number of partners are privy to this information. in closed systems, the only partners with access to all partners\u2019 income are usually the managing partner, the compensation committee and\/or the executive committee. <\/a>both have advantages.<\/strong><\/p>\n by marc rosenberg<\/span><\/i> \u201cif people are concerned about their absolute level of compensation, then they can be satisfied. however, if their focus is on relative standing, then they can never be satisfied.\u201d<\/p>\n \u2013 andrew grove, former chairman, intel<\/em><\/span><\/p>\n<\/blockquote>\n an open compensation system is one in which all partners know the earnings of all partners.<\/p>\n more on partner compensation:<\/b> 5 other systems for paying partners<\/span><\/a> | <\/span>3 non-performance-based comp systems<\/span><\/a> | <\/span>3 subjective compensation systems<\/span><\/a> | <\/span>partner compensation 101<\/a>\u00a0<\/span>|<\/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>\n<\/blockquote>\n a closed system is one in which a limited number of partners are privy to this information. in closed systems, the only partners with access to all partners\u2019 income are usually the managing partner, the compensation committee and\/or the executive committee.
\npartner comp: art & science<\/span><\/i><\/a><\/p>\n
\n read more →<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
\npartner comp: art & science<\/span><\/i><\/a><\/p>\n\n
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\n read more →<\/a><\/p>\n","protected":false},"author":1339,"featured_media":48103,"comment_status":"closed","ping_status":"closed","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":"131807,129943,133674,131685,136841,130728","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2374,3120],"tags":[2429,86,1124,572,38,1416],"class_list":["post-48798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pay-compensation","category-pro-member-exclusive","tag-earnings","tag-partner","tag-partnership","tag-pay","tag-salary","tag-wages","membership-content","access-restricted"],"acf":[],"yoast_head":"\n