Staff compensation usually accounts for 60-75% of a nonprofit agency’s budget. Establishing staff salary and benefits (both monetary and in-kind) is one of the most important decisions an executive director and board can make to ensure their long-term stability and effectiveness.
With unprecedented labor shortages, inflation and competition for skilled staff it has never been more crucial to apply best practices when deciding to hire staff or contract out, and how to set equitable and realistic staff salaries, benefits and pay raise structures.
This 90-minute training will help you identify the important factors to consider when developing a compensation structure which reflects your organization’s values and positions you to get the work done with a fairly paid staff.
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