Financial Services Industry
Industry: Email Alert RSS FeedREDW: Making Pay Pay for IT Staff
Accounting Technology, July, 2006
About two years ago, REDW, the largest locally owned CPA firm in New Mexico, faced softening sales and lackluster revenues that threatened the viability of the firm's technology department, one of its newest lines of business. With the help of Jennifer Wilson, co-founder and owner of ConvergenceCoaching, this one-stop-shop, which offers such services as accounting and business software implementation and support, financial planning, and audit and consulting, was able to implement effective compensation plans that helped turn the technology department around.
Several years ago, the firm's technology services division, known as REDW Technologies, grew out of its traditional CPA practice. Unfortunately, so did its compensation plan. Initially, the firm paid technology employees...
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