Question: Do you have any suggestions concerning how we can determine if our compensation system is functioning properly?
You can start with the following firm – self-test. Has the firm experienced or is it experiencing:
If your firm is experiencing or has experienced the above symptoms, it is time to really examine where the firm is headed and what messages your compensation is sending out to your partners. Is the firm trying to be a firm or merely a group of lone rangers.
John W. Olmstead, MBA, Ph.D, CMC