Webinar – Partner Performance: Exploring Performance-Based Partner Compensation

Home>Events>Jack Lee, Renee Moelders, Web Seminars>Webinar – Partner Performance: Exploring Performance-Based Partner Compensation
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Even though some may want to focus on “fixing” partner compensation first, the last element of developing partner performance and accountability is rewarding performance. A properly designed and well-thought-out partner compensation system can drive desired behaviors and inspire your partner group to achieve high performance. Likewise, a poorly designed system will drive unwanted behaviors and discourage a one-firm culture.

In this session, we’ll explore an approach to compensation that rewards those who contribute to a unified strategy, including:

  • The role of trust in any compensation plan and balancing the inherent self-interest of each partner with what’s right and fair for the group
  • The potential cause-effect relationship between compensation and your firm’s buy/sell and governance models
  • Transparency in determining partner compensation and the pros and cons of open and closed compensation systems
  • The mechanics for structuring a fair, rewarding and understandable compensation plan

Apply these concepts to transform your partner compensation system, so it rewards partners for both individual and overall firm success!

Our annual Holiday Exercise Streak kicks off on 11/28!

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