{"id":50590,"date":"2016-12-04t05:00:53","date_gmt":"2016-12-04t10:00:53","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=50590"},"modified":"2017-08-06t11:43:04","modified_gmt":"2017-08-06t15:43:04","slug":"5-cautionary-tales-partner-compensation","status":"publish","type":"post","link":"\/\/www.g005e.com\/2016\/12\/04\/5-cautionary-tales-partner-compensation\/","title":{"rendered":"5 cautionary tales in partner compensation"},"content":{"rendered":"

\"older<\/a>do you see your firm here?
\n<\/i><\/strong><\/p>\n

by marc rosenberg<\/i>
\npartner comp: art & science<\/i><\/a><\/p>\n

here are five case studies to illustrate potential problems in partner compensation.<\/p>\n

more on partner compensation:<\/b> <\/strong>does compensation motivate performance?<\/a> | why compensation and buyout plans must be synchronized<\/a> | when partner vacation becomes excessive<\/a> | management stipends: who, how and why<\/a> | the 8 basics for data-based partner performance evaluations<\/a> | crash course: operating a compensation committee<\/a> | 11 points in designing a partner comp system<\/a> | what partners earn and how they earn it<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

the stressed-out mp.\u00a0 <\/em><\/strong>this seven-partner firm had recently changed from having the “mp decides” method of income allocation to usage of a compensation committee because the burden of allocating income was too stressful for the mp. the ensuing problems with the compensation committee, all solvable, were:<\/p>\n

    \n
  1. mandatory rotation of cc members resulted in people on the cc who were not credible and used their role to boost their own income.<\/li>\n
  2. no communication between the cc and the individual partners about expectations and income allocation.<\/li>\n
  3. frequent, bitter arguments among cc members.<\/li>\n<\/ol>\n

    read more →<\/a><\/p>\n