An outline of suggested issues to be addressed in partner appraisals from ICAEW.
Issues to be addressed in partner appraisals
- Corporate objectives - awareness of, commitment and adherence thereto
- Personal objectives - not inconsistent with corporate objectives
Commitment to and achievement of agreed targets
- Protecting/retaining existing client base
- Attracting new clients
- Tight control of WIP, debtors, productivity, recoveries
- Contribution to sensible and effective control of office overheads
High quality of client service
- Development and maintenance of professional services meeting current and anticipated future client needs
- Clients - matching clients’ profiles to firm’s objectives in order to provide a first class service via effective use of limited resources
- Mentoring and motivation of key personnel
Financial and professional rewards
- Commitment and contribution to desired growth
- Optimising capabilities of fellow partners and staff
- Maintaining a challenging and stimulating environment
- Making an appropriate contribution to providing a level of partner income commensurate with the achievement of the firm’s objectives and to enable partners to provide for their retirement
Maintaining professional standards and competence
- Meeting the firm’s minimum CPD requirements
- Adherence to the firm’s requirements to refer and consult on technical/ethical issues
- Compliance with defined standards on independence, probity, ethical matters.