Nonprofit Pay Increases Reflect Economic Conditions, Shows New Study by Total Compensation Solutions

Armonk, NY (PRWEB) January 23, 2009 — Reflecting economic conditions in the marketplace, the average salary adjustment for staff positions in nonprofit organizations decreased marginally from 4.0% to 3.8% between 2007 and 2008. However, this may not account for the significant downturn in the U.S. economy from September through December of 2008. According to a new study released by Total Compensation Solutions (TCS), financial conditions in the economy are reflected in the level of charitable contributions received by nonprofit charitable organizations and this, in turn, may impact the salary budgets for those organizations. This suggests that nonprofits may need to take decisive action in either cutting back staff or reducing the salary budgets for the upcoming year.