“It’s not a stretch to say that, so far in 2012, demand for qualified BV professionals is on a pace to return us to the days of talent shortage that preceded the recession,” says John Borrowman (Borrowman Baker). In fact, he wrote an article back in 2009 on this potential. “Retention has becomes more critical. Smart practice leaders will want to make sure they’re operating with up-to-date compensation information to retain top BV talent.”
And, of course, the best way to ensure that they are paying market value is to participate in the 2012 Borrowman Baker/BVR BV Salary Survey. “Business valuation is a specialized profession,” Borrowman observes. “Compensation studies from public accounting and/or corporate finance just can’t deliver the same precision and validity.” By reporting data in the 10th, 25th, 50th, 75th, and 90th percentiles (instead of just an average or a range), the BB/BVR survey also permits more precise calibration of pay plans. Additional features include:
- Confidentiality (no data will be reported in any way that would identify the source);
- The final report will include analysis of billing rates and chargeable hours; and
- The report will be available in August, in time for 2013 planning.
What are you waiting for? If you start now, you can always download the survey and then complete it offline as time permits (in hardcopy). Then all you have to do is log back in and enter the data. “And, yes, if you just want to enter the data on the hardcopy form and fax or mail it to Borrowman Baker, we’ll even do the data entry for you!” Borrowman says. Don’t wait a minute longer; participate here.
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