Compensation Modeling

 

When calculating bonuses, there are many factors to consider such as role, billable hours, fees collected, firm profit, and levels of contribution. Some firms may use a set calculation, while others may also evaluate work product quality and personal performance. This highly anticipated process consumes countless hours and resources and detracts from core business functions. 

 

Terminus Compensation Modeling allows firm leadership to quickly assess bonuses by fixed calculations, variable formulas, or any combination of factors thereof. With the ability to evaluate performance in real time at the firm, practice group, or individual level, Partners can not only calculate bonuses instantaneously, but also make individual adjustments and perform "what-if" scenarios prior to approving the results.