Compensation Method Can Develop Internal Entrepreneurs

Source: CPA Insider

Integrating individual goals with firm goals allows everyone to play a role in planning, which in turn makes everyone more committed to goals. Compensation should be based on results. Total compensation, not just bonus, should be performance-based. Employees will be more entrepreneurial. An entrepreneurial culture will motivate people to new heights. That is how to create an outstanding firm.

From CPA Insider, November 13, 2006, www.cpa2biz.com. For the complete article, click on the following link: https://www.cpa2biz.com/News/Columnists/Bowen/Build+A+Team.htm.