How to Operate a Compensation Committee

TESTIMONIALS

Our three-partner firm recently purchased seven Rosenberg books, including partner compensation, partner agreements, succession planning, and management and firm governance. The books are a superlative blend of years of consulting experience for CPA firms and the know-how that goes along with it. We find these books to be an excellent resource for ideas and a roadmap to guide the tough conversations that partners need regarding these key issues.

Brian Bray, MP
Benton Bray, PLLC
Bellevue, WA

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$1,150 30% off
$1,600 40% off
$2,850 50% off

Increasingly, CPA firms are realizing that the old compensation formulas no longer work, that performance “intangibles” need to be recognized, and that their compensation systems need to be performance-based. As a result, more and more firms are adopting compensation committees. This book answers the questions: What are Compensation Committees? How do they work? Why have they become so popular?

Topics include:

  • Characteristics of a good system
  • Structuring partner compensation
  • The link to strategic planning
  • Data reviewed by the CC
  • Communication is key
  • The role of partner evaluations
  • The role of the firm’s core values
  • Partner goal setting
  • Make-up of the committee
  • Examples of partner roles
  • Performance criteria for partners
  • Open vs. closed compensation systems
  • Decisions that the CC needs to make
  • Compensation Committee Timetable

©2013

 

NEW! Complimentary PDF Download with Book Purchase

Partner Compensation Committee CliffsNotes is a guide to the three kinds of comp committees, roles, and best practices.  It includes the key steps to implementation and sample base and bonus breakdowns. You will receive the PDF download link in your confirmation email.

©2024

Please note our PDF e-books are not printable. Why?

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