PRA2422. Beyond the Book: Partner Compensation Models for Tomorrow’s CPA Firm

When Jonyce Bullock stepped into the role of Managing Partner, she was left with a legacy and a challenge: "Partner Compensation is broken... good luck." That marked the beginning of a transformative journey to redefine what fair, motivational & effective partner compensation looks like in today's ever-changing professional landscape. In this session, we'll dive into the quest for a compensation model that not only addresses the traditional metrics but also aligns with the evolving priorities of talent retention, firm culture, and strategic growth. Join Jonyce to explore how your firm can navigate its unique path towards a compensation strategy that fosters collaboration, rewards innovation, and prepares your firm for the challenges of tomorrow.

Learning Objectives:

• Apply core principles to design a partner compensation model that aligns with firm growth, culture, and strategic goals, focusing on collaboration, innovation, and talent retention.
• Analyze practical approaches to transition from traditional to performance-oriented compensation frameworks, including case studies and engagement strategies for partner buy-in.
• Choose metrics beyond financial performance for a comprehensive compensation model, emphasizing leadership, mentorship, innovation, and firm culture contributions.
• Determine strategies for integrating flexibility and adaptability into compensation models to meet future industry, economic, and workforce changes, including mechanisms for regular review and adjustments.