Rewarding Talent Beyond Billable Hours

"Like many firms, Rochester, N.Y.-based Bonn, Shortsleeve & Ray LLP used to conduct annual reviews based on how many hours its accountants pounded out each year.

'I wasn’t getting the most out of my talented employees because I didn’t reward staff and recognize them for what they liked to do and are good at,' said partner Tim Shortsleeve, CPA.CITP. He also believes many partners at firms in general tend to rush through reviews because those aren’t billable, either and that the employees aren’t typically involved in the review process.

So he decided to change things and reward them based on their talents and individual goals instead..."
read entire post

Source: AICPA Career Insider