Episode Details
Back to EpisodesKristen Rampe: Accountability and Simplicity in Partner Compensation Drive CPA Firm Growth | Gear Up For Growth
Description
“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.
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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.