Thinking Clearly About Transparency
Source: CPA Leadership Institute Practice Management Survey
Here are the results of our latest email survey about CPA firm practice management.
Which, if any, of the following ideas has your firm leadership utilized in order to be transparent? (Choose all that apply.)
| Share the firm's revenues and other KPIs with the staff. |
60.0%
|
| Allow personnel to have input into the firm's strategic plan. |
54.3%
|
| When staff asks "why", partners never respond with "because I said so." |
54.3%
|
| Conduct staff surveys and involve staff in addressing survey issues. |
51.4%
|
| Share results of partner meetings with the staff. |
28.6%
|
| Invite non-partner personnel to attend part of the firm's annual management retreat. |
28.6%
|
| Compensation committee clearly communicates to partners, one-on-one, how their performance is assessed and how it correlates to the firm's income allocation. |
28.6%
|
| Involve staff in the adoption of major HR policy changes like unlimited PTO. |
20.0%
|
| Firm-wide dissension caused by a partner or staff person is addressed swiftly by the firm. |
17.1%
|
| If merger negotiations get serious, inform the staff and ask for their concerns. |
14.3%
|
| None of the above. |
8.6%
|
| Other |
2.9%
|
For the original report, click here.
From CPA Leadership Institute Practice Management Survey, May 2016, //www.cpaleadership.com.