In the selection of a compensation system, it is imperative to acknowledge and reward those partners whose performance is meritorious. If performance is not adequately recognized and rewarded, it is more likely that top performers, and those who are evidencing promise to be top performers, will seek an alternative or be lured away.
When designing a compensation system, one difficult hurdle to overcome is obtaining the approval of the partners for a system that is incentive driven. If unanimity is required to effectuate a compensation system, it may be impossible to achieve over the objection of those partners who are traditionally less than stalwart performers.
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