who decides and how, including setting and monitoring goals.
by tommye barie
the succession insitute
previously we reviewed the goal-setting process, introduced how the managing partner should orchestrate the partner goal-setting process and discussed why the goals should be based on normal expectations of any partner rather than on the exceptional performance of a specific partner. now let’s discuss who is in charge of what parts of the compensation-setting process and more.
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who’s in charge of what parts of compensation?
once the decision has been made to implement systemic changes to hold partners accountable to specific performance expectations rather just relying on everyone to put in a self-proclaimed “good day’s work,” the next battleground is how compensation is determined and who is responsible for which parts of the process.
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