{"id":74183,"date":"2020-05-06t12:00:40","date_gmt":"2020-05-06t16:00:40","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=74183"},"modified":"2021-04-19t22:50:28","modified_gmt":"2021-04-20t02:50:28","slug":"underpaying-others-hurts-you-too","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/05\/06\/underpaying-others-hurts-you-too\/","title":{"rendered":"underpaying others hurts you, too"},"content":{"rendered":"

\"man<\/a>take a long view.
\n<\/strong><\/p>\n

by ed mendlowitz<\/i>
\ncall me before you do anything: the art of accounting<\/i><\/a><\/p>\n

many bosses hold back their subordinates without realizing they hold themselves back even more.<\/p>\n

more:<\/b> what cpas can learn from lawyers and doctors<\/a> | advising cheapskates<\/a> | getting bonuses from clients<\/a> | be an accountant, not a salesperson for other things<\/a> | when clients don\u2019t know<\/a> | why you\u2019re only as good as your staff<\/a> | why tax time is the best time to get new business<\/a> | becoming a \u2018media star\u2019<\/a> | don\u2019t pass up opportunities<\/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

i see this a lot. for myriad reasons bosses would restrict raises and bonuses for those immediately under them.
\n
\nexamples are a ceo in a not-for-profit kept raises to a minimum for the cfo; a bookkeeper gives low raises to her main assistant; and a manager at an accounting firm suggests low raises for his direct reports. what these people do not realize is that they create reduced salary caps for themselves.<\/p>\n

let\u2019s take the ceo. in the board\u2019s discussion of the ceo\u2019s compensation, an informal ratio is applied for how much his package needs to be in relation to the second highest paid person \u2013 the cfo. for instance, if the cfo earns $120,000, a 150 percent ratio would yield a $180,000 amount for the ceo. based on the size of the organization and relative responsibilities, i believe the cfo should earn around $175,000 and the ceo about $250,000.<\/p>\n

the ceo gives me his thoughts when he recommends raises for the cfo, whom he seems to think is earning more than he deserves. the board shares their thoughts with me about the ratio \u2013 they feel they cannot support more than a 150 percent ratio for the ceo. as the independent accountant for the organization, i am at the table for both discussions as well as having the cfo share his irritation over the small raises with me.<\/p>\n

some years ago the head bookkeeper was told she could hire an assistant. she started out by quibbling with the suggested salary when the recruiter sent her resume, and then ended up paying a little less than the low range that was provided. when her raise time came, she was turned down for the raise she requested because it would make her salary too much more than her assistant. a similar situation arises with the manager at the accounting firm.<\/p>\n

i am not suggesting giving very large raises so you could get an ever larger raise; but keeping people\u2019s salaries on the low side, because you can, is not good business for the organization, the employee and yourself.<\/p>\n

the value of understanding this is what could make one accountant\/consultant better than another and for them to be able to provide the right guidance to the client. but regardless of our advice, it is hard to overcome people\u2019s small minds.<\/p>\n","protected":false},"excerpt":{"rendered":"

take a long view.<\/strong>
\nby ed mendlowitz<\/em>
\ncall me before you do anything: the art of accounting<\/a><\/em><\/p>\n","protected":false},"author":1341,"featured_media":70489,"comment_status":"open","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":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,1363,3120,3002],"tags":[],"class_list":["post-74183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-featured","category-pro-member-exclusive","category-special"],"acf":[],"yoast_head":"\nunderpaying others hurts you, too - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2020\/05\/06\/underpaying-others-hurts-you-too\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"underpaying others hurts you, too - 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