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Seminar Notes

Compensation Questionnaire

Part One: The Situation Now

Indicate your agreement or disagreement by scoring each question using the following scale: 1 (strongly disagree); 2 (somewhat disagree); 3 (neither agree nor disagree); 4 (somewhat agree); 5 (strongly agree).

1 The compensation-setting group is thorough in collecting performance information NA 1 2 3 4 5
2 There is sufficient recognition of performance differentials in compensation NA 1 2 3 4 5
3 There is too much recognition of performance differentials in compensation NA 1 2 3 4 5
4 I understand what factors affect compensation NA 1 2 3 4 5
5 I have the power to control the factors that influence my compensation NA 1 2 3 4 5
6 The level of prior consultation prior to partner compensation decisions is satisfactory NA 1 2 3 4 5
7 In general, I understand why I get what I get NA 1 2 3 4 5
8 The right people get rewarded around here NA 1 2 3 4 5
9 Performance appraisals are thorough NA 1 2 3 4 5
10 Different groups are treated appropriately NA 1 2 3 4 5
11 There is too much reliance on seniority NA 1 2 3 4 5
12 I know what I must do to earn higher compensation NA 1 2 3 4 5
13 The right people determine compensation NA 1 2 3 4 5
14 Our current system is satisfactory NA 1 2 3 4 5
15 There is currently enough incentive for bringing in new clients NA 1 2 3 4 5
16 There is currently enough incentive to market to existing clients NA 1 2 3 4 5
17 The compensation system is fair NA 1 2 3 4 5
18 The range of high-to-low compensation is too great NA 1 2 3 4 5
19 The range of high-to-low compensation is too small NA 1 2 3 4 5
20 If I were at a competitor I would be earning at least 10 percent more NA 1 2 3 4 5

Part Two: What You’d Like to See

Indicate your agreement or disagreement by scoring each question using the following scale: 1 (strongly disagree); 2 (somewhat disagree); 3 (neither agree nor disagree); 4 (somewhat agree); 5 (strongly agree).

1 Compensation should be based more on group performance and less on individual contribution NA 1 2 3 4 5
2 We should move to a system that has a greater judgment component, less formula driven NA 1 2 3 4 5
3 I would support a system which included mandatory client feedback (satisfaction) scores as part of compensation-setting NA 1 2 3 4 5
4 I would support a system which included feedback from non-partners in compensation-setting NA 1 2 3 4 5
5 We need to reward collaboration more within practice groups NA 1 2 3 4 5
6 We need to reward collaboration more between practice groups NA 1 2 3 4 5
7 We need to pay more attention to the profitability of work performed in our compensation system NA 1 2 3 4 5
8 Our system should give more weight to short term performance NA 1 2 3 4 5
9 Our system should give more weight to long-run performance, and rely less on short term results NA 1 2 3 4 5
10 To encourage participation in practice development, we should acknowledge and reward efforts as well as results NA 1 2 3 4 5
11 We need to change the way the compensation committee is chosen NA 1 2 3 4 5
12 We need to encourage more delegation of work NA 1 2 3 4 5
13 Building skills in others should be explicitly rewarded NA 1 2 3 4 5
14 I would prefer a system which had clear weights given to measurable factors, rather than a judgment system NA 1 2 3 4 5
15 The system should allow for individual roles, rather than the same criteria applied to all partners NA 1 2 3 4 5
16 We should give more reward for successful contributions to firm activities such as recruiting or management NA 1 2 3 4 5
17 Practice Leaders should have more input on compensation of partners in their practice area NA 1 2 3 4 5
18 We should impose a limit on the ratio of high-to-low partner compensation NA 1 2 3 4 5