{"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":"

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how buyout was affected.<\/strong><\/p>\n

by marc rosenberg<\/i>
\nthe rosenberg practice management library<\/i><\/a><\/p>\n

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

more: <\/b><\/strong>rewarding partners for seniority: pros and cons<\/a> | what if founders don\u2019t want to buy each other out?<\/a> | when cpa partner votes go wrong<\/a> | why billing less may mean earning more<\/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

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.
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\nour formula wasn\u2019t well suited to recognize intangibles. we saw that a cc gave us the freedom and flexibility to balance production and intangibles. also, we came to realize that our formula was largely flawed because<\/p>\n