By Marc Rosenberg
Partner Comp: Art & Science
Intuitively, it makes sense for any organization (not just CPA firms) with multiple locations and departments to measure the profitability of each area.
MORE ON PARTNER COMPENSATION: Management Stipends: Who, How and Why | Partner Pay in Retirement Transition Period | How to Pay Non-Equity Partners | 5 Types of Partner Evaluations | How Large and Small Firms Allocate Income | Partner Pay: Recapping the Compensation Systems | Why Firms Use Partner Comp Formulas | Partner Compensation: An Art, Not a Science
Exclusively for PRO Members. Log in here or upgrade to PRO today.
Industrial companies routinely measure profits by product or plant. Why shouldn’t CPA firms do the same, especially with the most obvious candidates: the accounting and auditing (A&A) and tax departments?