How to slice the profits pie.
Ever wonder about revamping the partner compensation system for your firm? But how to assess partner performance? And how to reward the right things?
A firm’s compensation system is a reflection of its culture and competitive realities, according to August Aquila, a regular CPA Trendlines contributor and leading practice management consultant.
More for CPA firm partner groups at CPA Trendlines PRO members: Seven Ways to Build the Right Culture | How to Change a Partner | How a Founding Partner Passes the Baton to a New Managing Partner | Six Reasons NOT to Plan for Succession | How to Apply Sam Walton’s 10 Rules for Success at Your Firm | Nine Steps to Effective Succession Planning for the Small Firm | Thinking Merger? Look Before You Leap
If it’s been a while since you gave your comp system a checkup, then you might be interested in Aquila’s 16-point partner compensation checkup questionnaire to get you thinking about how effective your current compensation plan is:
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