Compensation Plans for Law Firms PDF Download
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Author: James D. Cotterman
Publisher: American Bar Association
ISBN: 9781604428193
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
This newly updated fifth edition of Compensation Plans for Law Firms examines the continually evolving compensation landscape and the concepts that will affect your law firm most. You'll take an extensive look at the world of law firm compensation, including: -- Compensation theory --The art and science of compensation -- Partner and shareholder compensation -- Of Counsel compensation -- Associate Compensation -- Paralegal compensation --Staff Compensation -- Bonuses, increases, and incentives -- Debt, taxes, retirement, and withdrawal -- Evaluations, fairness and flexibility --And much more! Learn Where Your Firm Stands The book also features valuable data from the leading legal consulting firm Altman Weil's annual and triennial surveys on law firm performance and compensation, retirement and withdrawal and compensation systems. Charts and graphs help you see where your firm stands on salaries and bonuses, and it gives you detailed analyses of compensation plans for everyone in your firm. Compare your compensation system to law firms across the country. This one volume provides you with your primary research source leading you to auxiliary sources for further information as appropriate. They can support your current compensation system, or help you reevaluate your current methods of compensation. Careful advance consideration is essential to the success of your compensation plan. Using this valuable reference you can develop a compensation plan that conveys fairness, simplicity, and flexibility and strike the perfect balance within your firm.
Author: James D. Cotterman
Publisher: American Bar Association
ISBN: 9781604428193
Category : Business & Economics
Languages : en
Pages : 196
Get Book Here
Book Description
This newly updated fifth edition of Compensation Plans for Law Firms examines the continually evolving compensation landscape and the concepts that will affect your law firm most. You'll take an extensive look at the world of law firm compensation, including: -- Compensation theory --The art and science of compensation -- Partner and shareholder compensation -- Of Counsel compensation -- Associate Compensation -- Paralegal compensation --Staff Compensation -- Bonuses, increases, and incentives -- Debt, taxes, retirement, and withdrawal -- Evaluations, fairness and flexibility --And much more! Learn Where Your Firm Stands The book also features valuable data from the leading legal consulting firm Altman Weil's annual and triennial surveys on law firm performance and compensation, retirement and withdrawal and compensation systems. Charts and graphs help you see where your firm stands on salaries and bonuses, and it gives you detailed analyses of compensation plans for everyone in your firm. Compare your compensation system to law firms across the country. This one volume provides you with your primary research source leading you to auxiliary sources for further information as appropriate. They can support your current compensation system, or help you reevaluate your current methods of compensation. Careful advance consideration is essential to the success of your compensation plan. Using this valuable reference you can develop a compensation plan that conveys fairness, simplicity, and flexibility and strike the perfect balance within your firm.
Author: Henry A. Smith, III
Publisher: Aspen Publishers
ISBN: 9781567060980
Category : Business & Economics
Languages : en
Pages : 512
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Book Description
Author: Sal DiFonzo
Publisher: Createspace Independent Publishing Platform
ISBN: 9781508527725
Category : Compensation management
Languages : en
Pages : 158
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Book Description
Drawing on two decades of compensation experience, Sal DiFonzo explores how to transition a firm from a traditional discretionary plan to a contemporary structured incentive compensation plan. The issues in this process can be complex, but DiFonzo simplifies them by taking the reader step-by-step through the rationale behind creating a structured incentive compensation plan, each phase of the creation process, and expert strategies for solving the issues that invariably arise with changes to compensation. While examples are drawn from the design and construction industry, firms from all industries seeking to drive strategy, engage employees and achieve success will find this book to be a valuable guide.
Author: Bruce A. Johnson
Publisher: Medical Group Management Assn
ISBN: 9781568292755
Category : Medical
Languages : en
Pages : 608
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Book Description
Navigating the maze of methods by which income for physicians is determined and paid in a wide variety of health care organizations, this step-by-step guide covers plan development and information on pay-for-performance programs, implementation methods, and more.
Author: Paula M. Singer
Publisher: American Library Association
ISBN: 083890985X
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
1. Compensation Plan Objectives 2. Preliminary Planning 3. Context and Compensation Philosophy 4. Job Analysis 5. Job Descriptions 6. Point Factor Job Evaluation System for Internal Equity 7. Market Pricing 8. Executive Compensation 9. Salary Structure Design 10. Implementation 11. Trends.
Author: Andris Zoltners
Publisher: AMACOM
ISBN: 0814429726
Category : Business & Economics
Languages : en
Pages : 511
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Book Description
A well-designed and implemented incentive program is an essential tool for building a motivated, highly effective sales force that delivers the results you need. Incentive programs are seductively powerful but complicated instruments. Without careful planning and implementation, they can be too stingy to motivate, too complex to understand, too quick to reward mediocre results, and too difficult to implement. The Complete Guide to Sales Force Incentive Compensation is a practical, accessible, detailed roadmap to building a compensation system that gets it right by creating motivating incentives that produce positive outcomes. Packed with hundreds of real-life examples of what works and what doesn't, this important guide helps you: Understand the value of building an incentive plan that is aligned with your company's goals and culture. Avoid the common trap of overusing incentives to solve too many sales management problems. Measure the effectiveness of your current incentive program, employing easy-to-use tools and metrics for pinpointing its weak spots. Design a compensation plan that attracts and retains successful salespeople, including guidelines for determining the correct pay level, the best salary incentive mix, the proper performance measures, and the right performance payout relationship. Select an incentive compensation plan that works for your organization -- then test the plan before it is launched. Set territory-level goals that are fair and realistic, and avoid overpaying the sales force or demoralizing salespeople by having difficult goals or not fairly assigned. Create and manage sales contests, SPIFFs (Special Performance Incentive for Field Force), and recognition programs that consistently deliver the intended results. Manage a successful transition to a new compensation plan and build efficient administration systems to support your plan. Filled with ready-to-use formulas and assessment tools and a wealth of insights from frontline sales managers and executives, The Complete Guide to Sales Force Incentive Compensation is your hands-on, easy-to-read playbook for crucially important decisions.
Author: Mike Marks
Publisher: NAW
ISBN: 9780971475298
Category : Business & Economics
Languages : en
Pages : 138
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Book Description
Author: Phil Gonring
Publisher:
ISBN: 9781891792434
Category : Education
Languages : en
Pages : 0
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Book Description
Denver's groundbreaking campaign to introduce performance-based pay for teachers captured national and international attention and has paved the way for similar efforts elsewhere. Based on unprecedented labor-management collaboration, the newly implemented ProComp compensation plan is the most advanced in the country. Each teacher's pay is based on several factors: evaluated performance, professional development efforts, and willingness to work with at-risk populations, as well as student achievement. Denver's ProComp plan has raised the debate over teacher compensation to a new level. In this book, Phil Gonring, Paul Teske, and Brad Jupp--among the key players in this successful come-from-behind campaign--offer the inside story of the ProComp initiative. They describe how entrepreneurial behavior within the teachers union and support from outside philanthropic groups propelled the plan from a cutting-edge concept into concrete policy. "ProComp has established a foundation for future efforts to change how teachers are paid. This book reveals the details of the brave effort to rethink teacher compensation through labor-management collaboration. And when it comes to education reforms, the details are precisely the toughest part." -- Adam Urbanski, Director, Teacher Union Reform Network "When the history of the triumph of pay-for-performance teacher compensation is finally written, this book will be one of the key sources. Gonring, Teske, and Jupp recount the process, explain the initiative, and foreshadow what's next for this issue. In doing so they make clear why Denver has played a signal role in this debate." -- Andy Rotherham, Cofounder and Codirector of Education Sector Phil Gonring is a senior program officer at Rose Community Foundation. He was integrally involved in ProComp's development and continues to lead the philanthropic community's efforts to implement the ProComp plan. Paul Teske is a professor of public affairs and director of the Center for Education Policy Analysis at the School of Public Affairs at the University of Colorado at Denver and Health Sciences Center. Brad Jupp is a senior academic policy advisor to the superintendent of the Denver Public Schools. Jupp served six years as a union representative and teacher leader in the effort to create ProComp.
Author: Frederick D. Lipman
Publisher: Prima Lifestyles
ISBN: 9780761533825
Category : Employee stock options
Languages : en
Pages : 0
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Book Description
Numerous private and public companies offer stock option plans every year to motivate, retain, and reward employees. But implementing the right stock option plan can be a complex and daunting undertaking, without the proper guidance.The Complete Guide to Employee Stock Optionsunravels the mystery of creating a meaningful equity compensation plan for employees that is favorable for the business. Author and attorney Frederick D. Lipman describes in complete detail the legal, operational, and motivational aspects of developing a stock option program, whether it's for the new start-up looking to attract top talent or the venerable company looking for ways to reward its best performing employees. Readers will discover how to: * Understand the pros and cons of different option plans* Implement the right plan to meet the company's future plans* Motivate key employees with equity compensation* Minimize the risk of losing equity in a volatile market* And much moreThis book also includes useful information for employees who want to understand what their stock options mean and how to maximize their profitability. Complete wi
Author: Stockton B. Colt
Publisher: Amacom Books
ISBN: 9780814404119
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
Updated and expanded, THE SALES COMPENSATION HANDBOOK contains information and tools necessary to design and implement top-notch sales compensation programs. Experts at the consulting firm of Towers Perrin provide guidance on all aspects of compensating salespeople, including designing base salary, bonus, and commission scales; team selling roles and implications; linking compensation to company culture; cash and non-cash incentives; and more.
