8 Ways Comp Systems Get Partners to Do What the Firm Needs

Stylized industrial 3D number 8Is your firm's message clear or cloaked?

By Marc Rosenberg
The Rosenberg Practice Management Library

Years ago, a senior partner at a 12-partner firm retreat I was facilitating gave us all an “aha” moment: “A partner compensation system is just a way of allocating income among the partners. It’s not meant to be the primary way to manage a firm.”

MORE: 7 Points of a Well-Crafted Partner Buyout Agreement | Take Yoda’s Advice on Strategic Planning | Buyers Name 20 Big Merger Turnoffs | Smart Tech Tips from Top CPA Firms | 15 Amazing Organizational Tactics to Manage a CPA Firm | Why Governing by Partner Ownership Is Bound to Fail | 6 Ways to Retain NextGen Staff | How to Develop a Truly Progressive NextGen Culture | The Top 5 Concerns of Great Managing Partners | Partners: When To Speak Up and When To Shut Up
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

There are two messages here, one obvious and one that is deeper.

Already a PRO Member? Click Here to Login & Continue Reading →

.

.

Get the Key to Unlock Premium Content Reserved Exclusively for PRO Members.

Go PRO Today: Choose one of these great offers

CONVENIENT!

Monthly Plan, $24.97
Save $5/month (17%)!

CLICK HERE
FOR
INSTANT ACCESS

7-day, no-risk free trial
then billed to your credit card monthly.
Regular monthly rate: $29.97

BEST DEAL!

Yearly Plan, $249.95
Save $110/year (30%)!

CLICK HERE
FOR
INSTANT ACCESS

7-day, no-risk free trial
then billed to your credit card annually.
Regular annual rate: $359.95

QUICK!

One-Time, $12.99
Best for occasional use.

CLICK HERE
FOR
INSTANT ACCESS

Get instant access, expires in 24 hours.
One-time, non-recurring, charge of $12.99

Marc Rosenberg

Marc Rosenberg at cpatrendlines.com

About the Author

Marc Rosenberg, CPA, is a nationally known consultant, author and speaker on CPA firm management, strategy, and partner issues.

See more by Marc Rosenberg

His CPA Trendlines publications include:

President of his own Chicago-based consulting firm, The Rosenberg Associates, he is founder of the most authoritative annual survey of mid-sized CPA firm performance statistics in the country, The Rosenberg Survey. He has consulted with hundreds of firms throughout his 20+ year consulting career. Accounting Today has acknowledged Marc Rosenberg as one of Top 100 Most Influential People in the CPA profession for the past 11 consecutive years and INSIDE Public Accounting has repeatedly recognized him as one of the Ten Most Recommended CPA Firm Consultants.

Click here for more by Marc Rosenberg