how partners view compensation: it’s not all about the money

businessman on the ladder attracts dollar notes using a magnet. sky with clouds on the background.

it’s more than a dollar figure – it’s a ranking.

by marc rosenberg

in an ideal world, partners could objectively discuss and debate the firm’s partner compensation system without regard for its impact on their individual earnings. but of course, we don’t live in an ideal world. it’s almost impossible for partners to weigh in on the system without thinking about its impact on their individual earnings.

more on partner compensation: why most partner comp systems are performance-based

this is the essence of why partner compensation is such a sensitive and critically important topic to partners.

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how to take action after a retreat

coffee cup by napkin with words including "action plans."bonus checklists: 9 steps to take before, during and after. plus 11 examples of tangible results.

by marc rosenberg

to get the maximum value from a retreat, you have to be ready to act on your discussions when you return to the office.

more on retreats: 12 simple rules for a retreat | leave your retreat with a to do list | every retreat needs a leader, but who? | retreats are no place for clowns | who should participate in a retreat? | retreat logistics: how long, what kind? | what should cpa firms discuss at retreats? | why do cpa firms conduct retreats?

begin with nine things to do ahead of time:

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12 simple rules for a retreat

stack of cell phones on tableand don’t skimp on the prep work.

by marc rosenberg
cpa firm retreats

the purpose of a retreat is to motivate the management team and build a spirit of teamwork.

more on retreats: leave your retreat with a to do list | every retreat needs a leader, but who? | retreats are no place for clowns | who should participate in a retreat? | retreat logistics: how long, what kind? | what should cpa firms discuss at retreats? | why do cpa firms conduct retreats?

these objectives can be much better achieved by following a 12 simple rules: read more →

why most partner comp systems are performance-based

handshake

to perform well, partners need to work hard every year.

by marc rosenberg
partner comp: art & science

any discussion of partner compensation must start with a fundamental concept: should a partner group’s income allocation system be performance-based?

more on partner compensation: what partners earn and how they earn it | partner compensation: an art, not a science | how partners view compensation: it’s not all about the money | why most partner comp systems are performance-based

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the fact is: compensation motivates performance.

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want to merge? ask for data

hand tossing a portable drivebonus checklist: 17 data points you should exchange. and don’t forget the client list.

by marc rosenberg
cpa firm mergers: your complete guide

i have always been a big believer in the buyer and seller exchanging financial and operating information as early in the process as possible. numbers aren’t everything, but they do speak volumes. the data enables each firm to gain an understanding of the other in a manner that is not always possible in conversation.

more on mergers:merger prep: getting to know you | one times fees is a steal! | the merger process in 21 steps | plant seeds to turn up merger candidates | looking to grow your firm? how to find a seller in four steps | 13 ways to screw up a merger | 15 can’t-skip merger terms to decide | 14 keys to a successful merger | 13 reasons accounting firms merge

the data is also a good way to corroborate things that are said verbally.

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