Survey Offers Insights Into Social Sector Compensation and Benefits Trends

Nonprofit HR has released the results of its 2024 Total Rewards Practices Survey, providing a comprehensive look at the compensation, benefits, and reward strategies currently shaping the social impact sector. This survey highlights the growing complexities organizations face in building competitive compensation models while addressing evolving employee expectations around work-life balance, transparency and organizational impact.

With participation from over 350 social sector organizations of all sizes and mission types — including nonprofits, associations and for-profit social enterprises — the 2024 Total Rewards Practices Survey uncovers critical data that HR professionals, executive leaders and board members can use to navigate today’s dynamic labor market.

The survey also marks emerging trends such as the increasing importance of lifestyle benefits, particularly in the wake of the pandemic, and the critical role that HR technology plays in improving overall employee experience and engagement.

During a recent webinar, Nonprofit HR Total Rewards experts Lisa McKeown, Managing Director; Tina Twyman, Team Leader & Senior Consultant; Stuart Wales, Senior Consultant; Shaunna Hook, Consultant; focused on the following objectives:

• Planning for key total rewards priorities in 2025 and beyond
• Addressing compensation challenges, including pay equity and market data utilization
• Exploring innovative benefit offerings that cater to diverse workforce needs
• Aligning executive compensation with organizational goals
• Crafting and modernizing variable pay programs
• Learn how the social impact space is using HR IT to manage talent management priorities
• Adopting formal compensation philosophies and effective communication strategies

Download the "2024 Total Rewards Practices Survey" here.

Source: Nonprofit HR

The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of the staff of NonProfit PRO.