Unless you’re a sole practitioner, it’s impossible to design a perfect partner compensation system – every method has its flaws, partners always believe they deserve more money and each firm is unique. It is with these nuances in mind that some firms opt for an open compensation system while others prefer to keep things closed. Which is the right approach? It depends who you ask.
In the May cover story of INSIDE Public Accounting Monthly, we talk to a couple of firm leaders who explain the reasoning behind their open and closed compensation systems. This month’s lineup also includes:
- All in Agreement: Best Practices for Keeping Partner Agreements Current and Relevant
- Partner Accountability a ‘Gigantic’ but Overlooked Issue in CPA Firms, Consultants Say
- Virginia is For Accountants: Firms in the Commonwealth Take Bold Steps to Attract Job Candidates with Generous Compensation, Benefits
- School Days: CLA Looks to Plant the Accounting Seed Early with New High School Internship Program
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