Making Compensation Count

A compensation conundrum exists in business today, and the rapidly changing compensation markets and the nature of work requires a different compensation model. A “readiness gap” exists between the changing nature of compensation expectations and strategies – a majority of businesses say this is critical for their success, but few are ready to address this trend. Current markets require that compensation be aligned with organizational objectives, using compensation strategies like immediate rewards for expanding responsibilities, fair pay, and employee engagement. Carol’s presentation offers strategies for maximizing the impact of compensation dollars, and addressing current compensation challenges with innovative solutions. Learning objectives include:

• Understand the changing nature of base and incentive compensation
• Learn strategies for becoming an employer of choice in the construction industry
• Understand shifts in today’s work environment, and new ways of maximizing compensation dollars
• Evaluate differences in “old” and “new” compensation structures, and what that means for the future

Presenter: Carol Mayo Cochran, CPA/PFS, CCP, SHRM‑SCP, CEBS, CMA, THRP, CFC, EMBA

https://www.linkedin.com/in/carol-mayo-cochran-91081411/

Carol is a talented financial executive, with 40 years of experience in accounting, financial services, and human resources consulting. As a Principal Emeritus of REDW, LLC, one of the largest locally owned CPA firms in the Southwest, Carol helped facilitate the growth and development of the Human Resources Consulting and Business Software lines of business. Carol also oversaw the development of the firm's retirement plan administration line of business, which was spun off into Alliance Benefit Group Southwest (ABG Southwest), a sister company of REDW LLC, and recently sold. Carol's strong business acumen led to significant growth in each of these business areas, and national recognition of REDW in the areas of compensation consulting, retirement plan administration, and human resource consulting.
Carol's expertise in the areas of management consulting, financial planning, compensation analysis, and employee benefits is demonstrated through her numerous certifications and credentials. In addition to being a Certified Public Accountant, Carol also holds eight other certifications.

Presenter: Maria Martinez, THRP

https://www.linkedin.com/in/maria-martinez-thrp-085439186/

Maria joined REDW’s Human Resources Consulting team in 2019 and has provided extensive compensation planning services to public and Tribal government clients, Tribal enterprises, and private businesses including job analysis, job evaluation, and employee-specific pay equity/salary compression calculations. She is REDW’s subject matter expert on the government Compease salary software solution.

Maria brings additional experience in several areas of Human Resources, including performance management, payroll and recruiting. She has worked with many different types of clients throughout her career, including a municipal government and an engineering firm in New Mexico. holds a Bachelor of Business Administration with a concentration in Human Resources Management from the University of New Mexico’s Anderson School of Management

Host or Publisher Albuquerque Chapter, IMA