Jason On Firms Podcast 405 Implementing VARIABLE Pay in an Accounting Firm
Jan 22, 2025
Jaime Campbell, CPA and co-owner of Tier 1 Services, shares her insights on implementing variable pay in accounting firms, focusing on social justice and financial sustainability. She discusses transforming traditional compensation models to enhance collaboration and equity among employees. The conversation covers the importance of balancing production-driven earnings with the preservation of professional relationships. Jaime also highlights innovative project allocation strategies that drive engagement and improve workplace culture, addressing disparities related to gender and race.
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First Employee
- Jamie Campbell started using variable compensation from her firm's beginning.
- Her first employee had a stable job and used Tier 1 Services as a side hustle.
Minimize Non-Production Activities
- Build processes, policies, and a culture that minimize non-production activities.
- Meetings should only occur when financially and logically justified.
Webinar Filtering
- Use a webinar to explain your variable compensation model and filter candidates.
- This allows potential hires to self-select out if it's not a good fit.