If you don’t set policies and enforce retirement deals, your firm could become a financial hostage.
As many as 30 percent of firms pay more to retiring partners than they initially agreed, according to our succession survey.
MORE ON PERFORMANCE MANAGEMENT for PRO MEMBERS: How Involved Should Retired Owners Be? | Firms Say What Would Change Retirement Pay | Action Plans for Transitioning Partners | How Retirement Issues Affect Succession Planning | How Partner Ratings Factor Into Equity | Develop Your Employees or Suffer the Consequences | What Having Your Employees’ Backs Means | Do CPA Firms Need Management or Leadership? | Job 1 for The Practice Owner: Client Management