How to Build a Partner Compensation System that Supports Accountability
How to Build a Partner Compensation System that Supports Accountability.pdf <Handout is password protected: Opens with the password for the video (case sensitive – same as for the live show)>
Description: In “How to Build a Partner Compensation System that Supports Accountability” and “Pulling It All Together with a Partner/Shareholder Agreement” we take you through the common problems firms are facing, the steps that need to be taken to overcome critical obstacles, how to create accountability and sustainability around change processes by reinventing your compensation system and how to tie this process up in a bow by addressing specific topics in your owner agreement.
Content:
- Why our current system to pay our partners is failing,
- The trap of tying retirement, compensation and ownership together,
- The basic components of partner compensation,
- The need for both subjective and objective measures,
- How to incorporate customized individual goals for each partner into the system, and more.
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