{"id":94669,"date":"2022-02-27t12:00:33","date_gmt":"2022-02-27t17:00:33","guid":{"rendered":"\/\/www.g005e.com\/?p=94669"},"modified":"2024-08-14t09:34:39","modified_gmt":"2024-08-14t13:34:39","slug":"what-its-like-changing-to-a-compensation-committee","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/","title":{"rendered":"inside a partner comp committee"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-94677 size-medium\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-424x239.jpeg\" alt=\"\" width=\"424\" height=\"239\" srcset=\"\/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-424x239.jpeg 424w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-300x169.jpeg 300w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-600x338.jpeg 600w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-849x478.jpeg 849w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-768x432.jpeg 768w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy.jpeg 1000w\" sizes=\"(max-width: 424px) 100vw, 424px\" \/><\/p>\n<p><strong>how buyout was affected.<\/strong><\/p>\n<p><i>by marc rosenberg<\/i><br \/>\n<a href=\"\/\/www.g005e.com\/product-category\/marc-rosenberg\/?orderby=title-desc\"><i>the rosenberg practice management library<\/i><\/a><\/p>\n<p>we worked with a 10-partner cpa firm a few years ago to change their income allocation method from an incredibly complicated formula that was deeply flawed to a compensation committee (cc). we talked to the partner group recently to get their feedback on how things worked out.<\/p>\n<blockquote><p><strong><b>more: <\/b><\/strong><a href=\"\/\/www.g005e.com\/2021\/11\/28\/rewarding-partners-for-seniority-pros-and-cons\/\">rewarding partners for seniority: pros and cons<\/a> | <a href=\"\/\/www.g005e.com\/2021\/10\/31\/what-if-founders-dont-want-to-buy-each-other-out\/\">what if founders don\u2019t want to buy each other out?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/09\/13\/cpa-firms-overemphasize-ownership-percentage\/\">when cpa partner votes go wrong<\/a> | <a href=\"\/\/www.g005e.com\/2020\/08\/30\/cpa-firms-make-more-money-when-partners-do-less-billable-work\/\">why billing less may mean earning more<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p><strong>why did you adopt the cc? <\/strong>it embraces the fundamental concept that an accounting firm\u2019s success depends on its partners\u2019 production and intangible attributes such as management, leadership, mentoring staff, and teamwork, among others.<br \/>\n <a href=\"\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/#more-94669\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2022%2f02%2f27%2fwhat-its-like-changing-to-a-compensation-committee%2f&amp;t=inside+a+partner+comp+committee'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2022%2f02%2f27%2fwhat-its-like-changing-to-a-compensation-committee%2f&amp;title=inside+a+partner+comp+committee&amp;summary=%0d%0a%0d%0ahow+buyout+was+affected.%0d%0a%0d%0aby+marc+rosenberg%0d%0athe+rosenberg+practice+management+library%0d%0a%0d%0awe+worked+with+a+10-partner+cpa+firm+a+few+years+ago+to+change+their+income+allocation+method+from+an+incredibly+complicated+formula+that+was+deeply+flawed+to+a+compensation+committee+%28cc%29.+we+talked+to+the+partner+group+rec'  ><img  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no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20inside%20a%20partner%20comp%20committee&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/\" title=\"email this: inside a partner comp committee \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-94677 size-medium\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-424x239.jpeg\" alt=\"\" width=\"424\" height=\"239\" srcset=\"\/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-424x239.jpeg 424w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-300x169.jpeg 300w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-600x338.jpeg 600w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-849x478.jpeg 849w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy-768x432.jpeg 768w, \/\/www.g005e.com\/wp-content\/uploads\/2022\/02\/business-woman-explaining-about-her-profile-to-two-selection-committee-compensation-partners-adobestock_280183435-1000w-copy.jpeg 1000w\" sizes=\"(max-width: 424px) 100vw, 424px\" \/><\/p>\n<p><strong>how buyout was affected.<\/strong><\/p>\n<p><i>by marc rosenberg<\/i><br \/>\n<a href=\"\/\/www.g005e.com\/product-category\/marc-rosenberg\/?orderby=title-desc\"><i>the rosenberg practice management library<\/i><\/a><\/p>\n<p>we worked with a 10-partner cpa firm a few years ago to change their income allocation method from an incredibly complicated formula that was deeply flawed to a compensation committee (cc). we talked to the partner group recently to get their feedback on how things worked out.<\/p>\n<blockquote>\n<p><strong><b>more: <\/b><\/strong><a href=\"\/\/www.g005e.com\/2021\/11\/28\/rewarding-partners-for-seniority-pros-and-cons\/\">rewarding partners for seniority: pros and cons<\/a> | <a href=\"\/\/www.g005e.com\/2021\/10\/31\/what-if-founders-dont-want-to-buy-each-other-out\/\">what if founders don\u2019t want to buy each other out?<\/a> | <a href=\"\/\/www.g005e.com\/2020\/09\/13\/cpa-firms-overemphasize-ownership-percentage\/\">when cpa partner votes go wrong<\/a> | <a href=\"\/\/www.g005e.com\/2020\/08\/30\/cpa-firms-make-more-money-when-partners-do-less-billable-work\/\">why billing less may mean earning more<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p>\n<\/blockquote>\n<p><strong>why did you adopt the cc? <\/strong>it embraces the fundamental concept that an accounting firm\u2019s success depends on its partners\u2019 production and intangible attributes such as management, leadership, mentoring staff, and teamwork, among others.<br \/>\n <a href=\"\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/#more-94669\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2022%2f02%2f27%2fwhat-its-like-changing-to-a-compensation-committee%2f&amp;t=inside+a+partner+comp+committee'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2022%2f02%2f27%2fwhat-its-like-changing-to-a-compensation-committee%2f&amp;title=inside+a+partner+comp+committee&amp;summary=%0d%0a%0d%0ahow+buyout+was+affected.%0d%0a%0d%0aby+marc+rosenberg%0d%0athe+rosenberg+practice+management+library%0d%0a%0d%0awe+worked+with+a+10-partner+cpa+firm+a+few+years+ago+to+change+their+income+allocation+method+from+an+incredibly+complicated+formula+that+was+deeply+flawed+to+a+compensation+committee+%28cc%29.+we+talked+to+the+partner+group+rec'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2022%2f02%2f27%2fwhat-its-like-changing-to-a-compensation-committee%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li>\n<li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20inside%20a%20partner%20comp%20committee&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\n\n\n\n%20%20\/\/www.g005e.com\/2022\/02\/27\/what-its-like-changing-to-a-compensation-committee\/\" title=\"email this: inside a partner comp committee \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li>\n<\/ul>\n<div class=\"clean\"><\/div>\n<\/p>\n<\/div>\n","protected":false},"author":1339,"featured_media":52068,"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":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,2374,3120,3002,11,2266],"tags":[2429,572,38,1416],"class_list":["post-94669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pay-compensation","category-pro-member-exclusive","category-special","category-research","category-partner","tag-earnings","tag-pay","tag-salary","tag-wages","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- 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