2024 Wrapped: Practice Management Trends That Shaped the Year
Managing Your Practice
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Structuring Success: Navigating Team Compensation and Growth
This chapter explores essential practices in managing professional teams as organizations experience growth, focusing on the development of effective compensation structures. It discusses the complexities of aligning incentives with firm performance and adapting strategies to meet the evolving expectations of a new generation of advisors. The importance of clarity in roles, fairness in compensation, and a strong governance framework is highlighted to ensure ongoing success and talent retention in dynamic work environments.
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