“Compensation is one tool, not the tool, to change behaviors and outcomes."
Gear Up for Growth
With Jean Caragher
For CPA Trendlines
Kristen Rampe, managing partner of Rosenberg Associates, spotlights two key drivers for CPA firm success: accountability and simplicity in partner compensation systems.
Gear Up for Growth spotlights the best strategies for smart and efficient growth in today's competitive landscape. More Gear Up for Growth every Friday here | More Capstone Conversations with Jean Caragher every Monday | More Jean Caragher here | Get her best-selling handbook, The 90-Day Marketing Plan for CPA Firms, here | More CPA Trendlines videos and podcasts here
Rampe shares insights from Rosenberg Associates' recent report, "Partner Compensation: Why Accountability Matters," revealing a strong correlation between accountability and firm profitability. According to the report, firms with high accountability systems reported an average income per partner of $617,000, compared to $411,000 in firms with low accountability.
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