The best firms know another way
By August Aquila
Professionals loathe anything bureaucratic. But we know of many firms who ask their partners to account, in detail, for every minute of their time.
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To ask high-need-for-achievement professionals at the top of their field to provide what, to them, is bureaucratic data immediately implies a complete lack of trust and respect for their expertise and their position. It is simply a motivational disaster, which distances the partners from the firm. Partners know that they have to account for their time but we know too many firms that, often at the behest of the finance function, ask for a level of specificity that drives the partners to distraction.
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