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A simpler approach to keeping employees.


In reading "Meyners Pays for Performance" (JofA, Jul. 03, page 41), I felt the firm engaged in overkill overkill Vox populi An excess of anything  in transforming its compensation system.

Our firm has adopted a much simpler approach. It includes a 7% override of gross billable revenue (less $15 per tax return to cover overhead) and 50% of revenue generated from new services created by the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  and adopted by the firm. This compensation is in addition to the usual complement of salary, overtime and benefits.

We find this system to be revenue-additive for the firm and competitive for the CPAs.

Dale Schwartzenhauer, CPA,

CMA CMA - Concert Multithread Architecture from DEC. , CFM

Jim Johnson & Co.

Walla Walla, Washington Walla Walla is both the county seat of Walla Walla County, Washington, and the county's largest city. As of the 2000 census, the city population was 29,686GR6.  
COPYRIGHT 2003 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Letters
Author:Schwartzenhauer, Dale
Publication:Journal of Accountancy
Date:Nov 1, 2003
Words:105
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