Nonprofit Pay Increases Reflect Economic Conditions, Shows New Study by Total Compensation Solutions
Reflecting economic conditions in the marketplace, the average salary adjustment for staff positions in nonprofit organizations decreased marginally from 4 percent to 3.8 percent between 2007 and 2008.
The 2008/2009 Not-for-Profit Compensation Survey, conducted by TCS, compiles data on 73 unique positions found in over 530 nonprofit organizations. In previous surveys, we observed that nonprofits were changing the way they pay their employees. Specifically, we observed an increase in the number of organizations that were using formal bonus/incentive compensation plans for their staff. For 2008, we presume that these same organizations will either pay significantly lower bonuses or suspend bonus payments altogether. We believe that this is a reaction to declining economic conditions throughout the economy.
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