Attorney Performance Metrics Essay

Attorney Performance Metrics Essay

… Richard Painter was able to get away with an output that was potentially disastrous for the company.
Lastly, the behavior of Richard Painter also identified the pitfalls in the area of basis set for rewarding an employee for his performance. As the article shows, the CAE’s targets set by the management, were linked directly to incentive bonus payments and salary raises.
Therefore in order for Painter to be eligible for the incentives etc., he only had to show his performance to be the one as desired by the management. Moreover, “his performance bonus was dependent upon only two performancemetrics: the extent to which he could cut costs from the baseline audit budget and the annual dollar amounts that internal auditing saved the other business units within the organization”. This gave Painter the incentive to manipulate the internal audit process and schedule, as well as the internal audit departments reported savings. This manipulation allowed Richard windfall-profit performance bonuses throughout his tenure.
There are few ways that can solve the problem in which this firm has put itself into. To begin with, the firm should have proper systems to check the credibility of the potential candidate for this …

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