partner

how profitability affects income allocation

by

man counting $100 bills into three pilesdon’t put the one-firm concept at risk.

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
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 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?
read more →

management stipends: who, how and why

by

businessman sitting behind his desk in the office talking on a mobile phone listening to the conversation with a serious expressionand when not to pay.

by marc rosenberg
partner comp: art & science

what is a management stipend and why is it necessary?

more on partner compensation: partner pay in retirement transition period | paying new partners and lateral hires | 3 rules for promotion to partner | should the mp be the highest paid partner? | integrating partner comp with strategic planning | partner pay: the declining importance of book of business | 3 non-performance-based comp systems
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

partners with significant, official internal duties require a substantial amount of time to do these jobs properly. main examples would be the managing partner, pic, practice group leader, executive and compensation committee members.
read more →

the smart way to pay partners transitioning into reirement

by

how to create a win-win.

by marc rosenberg
partner comp: art & science

years ago, i had a consulting project that involved interviewing the firm’s eight partners in december and convening a group meeting in january. one of the partners was retiring, cold turkey, december 31.

more on partner compensation: paying new partners and lateral hires | paying part-time partners | the 8 basics for data-based partner performance evaluations | how to set the managing partner’s compensation | crash course: operating a compensation committee | partner pay: open vs. closed compensation systems | the 3 best partner compensation formulas | 11 points in designing a partner comp system | what partners earn and how they earn it | 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.

he had been a great partner for 40 years and had successfully transitioned clients throughout his two-year notice period, so well that during the last month or so prior to his retirement, the gentleman literally had nothing left to do and was no longer coming to the office. but he was willing to make a special visit so i could interview him.
read more →

top trends in comp for new partners and lateral hires

by

$100 bill jigsaw puzzle with piece missingplus a stern warning.

by marc rosenberg
partner comp: art & science

pay for newly merged-in and laterally hired partners invites special consideration.

more on partner compensation: paying part-time partners | how to pay non-equity partners | 5 types of partner evaluations | how large and small firms allocate income | partner pay: recapping the compensation systems | 5 other systems for paying partners | why firms use partner comp formulas | 3 tiers of compensation | partner compensation: an art, not a science | 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.

merged-in partners working full time who are not retirement-minded are commonly paid no less than they made at their own firm.
read more →

paying part-time, work-at-home partners

by

woman smiling with boy with backpackhow to handle perks, vesting and other issues.

by marc rosenberg
partner comp: art & science

among the unique partner compensation issues that arise at cpa firms are when partners choose to work part time.

more on partner compensation: how to pay non-equity partners | 3 rules for promotion to partner | should the mp be the highest paid partner? | integrating partner comp with strategic planning | partner pay: the declining importance of book of business | 3 non-performance-based comp systems | 3 subjective compensation systems | partner compensation 101 | how partners view compensation: it’s not all about the money

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

the following chart summarizes how firms compensate two major types of part-time partners:
read more →