By Tommye Barie
The Succession Insitute
Previously we reviewed the goal-setting process, including which person or group should orchestrate which parts of it. Now we will conclude the discussion by walking through the financial side of assessing goal accomplishment and how it works when considering actual firm profits.
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Let’s start with some statistics from our latest Succession Planning survey, which we did in partnership with the AICPA’s PCPS. The following tables show information regarding compensation systems, broken down by size of firm (by full-time equivalent [FTEs] which includes everyone, from administrative to staff to partner): READ MORE →