salary

4 First Steps to the Right Partner Comp System

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How to become and remain competitive in the marketplace.

By Robert J. Lees and August J. Aquila
Creating the Effective Partnership

The challenge in designing the right system for the firm’s context is ensuring it motivates the partners to deliver the initiatives the firm needs to be successful.

If compensation is supposed to motivate and reward productive behavior and outcomes, and discourage non-productive behavior and outcomes, then you must ask yourself, “How well are we doing?”

We don’t claim that our recommended system is perfect since we know that the perfect compensation system does not exist. We do feel, though, that it encompasses the critical elements needed for leaders to better engage and reward partners.

We believe that if a firm wants to maximize its performance and keep its partners motivated and engaged, then it needs to design a compensation plan, which includes the following elements: READ MORE →

Pay Raises for Management Accountants Show Scant Signs of Improvement

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A new salary survey of management accountants isn’t bad news. but it’s not great news either.

SEE THE SURVEY REPORT. GET THE INSTANT DOWNLOAD:
Click here for the 2012 management accountant salary survey. 

Accountants’ average total compensation held relatively steady in 2011, increasing 0.9 percent from $128,486 in 2010 to $129,591, according to IMA’s 23rd Annual Salary Survey, released this month in Strategic Finance magazine.

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Average Accounting Wage Hits $27.10 Per Hour

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2011 finishes at new high. Average hourly earnings across all employees in the accounting and bookkeeping slipped slightly in the latest month, but rang in a solid gain year to year. With more than 970,000 workers, the Bureau of Labor … Continued

Wages at CPA Firms Rise Through Recession

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Now running at new high. Hourly earnings at CPA firms are running at an all-time high, according to new data available to CPA Trendlines. On average, earnings reached $31.20 per hour in 2011, up about 3.2%, for all employees. For just non-supervisory … Continued

Accounting Posts New Record Jobs Number

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What recession? More accountants with jobs … ever.

Accounting and bookkeeping services, seasonally adjusted, preliminary / cpatrendlines.com
Accounting and bookkeeping services, seasonally adjusted, preliminary / cpatrendlines.com

by Rick Telberg

In the same jobs report that drove the NASDAQ to an 11-year peak, the accounting and bookkeeping sector recorded more people employed in the industry than ever before.

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What Recession? Accounting Sector Grows 4th Month in a Row; Hours and Wages Up Also

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Defying national trends, accounting industry expands by 2,200 jobs.

Total employment, accounting and bookkeeping sector, through June 2011

Total employment in the accounting and bookkeeping sector grew by 2,200 positions in June (preliminary, seasonally-adjusted), to 933,200, the fourth straight month of gains and the highest headcount since 944,600 in December 2008, according to new government data.

The surge is being fueled by big gains in tax prep shops and in payroll services. CPA firms slimmed down after tax season, as usual, but headcounts are still running higher than a year ago.

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