Designing a Not-for-Profit Compensation System [Hardcover]

JoAnn Senger (Author)

Book Description

Publication Date: March 21, 2005 | ISBN-10: 047165776X | ISBN-13: 978-0471657767 | Edition: 1

"JoAnn Senger has gone out of the box to address fundamental compensation issues too-often ignored in the public and not-for-profit sectors. She peels away the 'second-class citizen' label and provides effective compensation structures that reward top performers."
--Jonathan Fraser Light Senior Partner, Nordman, Cormany, Hair & Compton

A step-by-step plan to design and manage a compensation system for not-for-profit organizations

Written by recognized not-for-profit human resource specialist JoAnn Senger, Designing a Not-For-Profit Compensation System provides a step-by-step method to help human resource professionals design and manage a successful compensation system for any public or not-for-profit organization.

When it comes to compensation systems, the not-for-profit sector is rife with complexities, including legislative approval requirements and the board of directors' direct involvement in compensation matters. Addressing these and other unique obstacles, Designing a Not-For-Profit Compensation System:
* Defines various types of not-for-profit and public organizations
* Identifies current types of compensation structures
* Identifies organizational characteristics influencing the usefulness of each structure, including the organization's budgeting and accounting processes and timetables
* Covers maintenance for all compensation structures and the interaction among organizational units
* Details the usefulness of each compensation structure, including midpoint calculations, rate adjustments, variable pay, and market surveys

Editorial Reviews

From the Inside Flap

Designing A Not-For-profit Compensation System

Until now, human resource and compensation professionals in the public/not-for-profit sector didn't have a compensation guidebook specifically for them. Unlike their for-profit counterparts, specialists in the not-for-profit sector wrestle with such questions as:

• How is merit defined when "good years" in the customary business sense (a burst of revenue from successful operations) either cannot exist or cannot be used for compensation purposes?
• How do you structure executive compensation in the absence of stock options?
• Where does the organization obtain bonus money when even exceptionally successful operations may bring in no additional revenue?
• Is "growing the business" even relevant in a public or not-for-profit environment? And if so, how is business growth identified?

Written by recognized not-for-profit HR specialist JoAnn Senger, Designing a Not-For-Profit Compensation System helps human resource and compensation professionals design and maintain compensation structures that withstand the test of time within their own unique public/not-for-profit environment.

Designing a Not-For-Profit Compensation System takes readers step by step through the process, beginning with an assessment of the nature of the organization, its financial framework, and its workforce before examining the jobs and related compensation issues. Assuming a familiarity with current compensation structures and bases—including overlapping ranges, broadbanding, step structures, commission structures, merit- and competency-based pay, and other basic aspects of compensation systems—this practical guidebook answers the all-important question: How do you evaluate whether a compensation technique is relevant to a specific public or not-for-profit environment?

Designing a Not-For-Profit Compensation System helps readers determine what compensation structures will bridge the gap between theory and practice within their own organizations, covering such topics as factoring budget cycles, regulatory constraints, and the role of boards of directors.

Each chapter highlights Excel® spreadsheets intended to help readers document the information needed to make compensation structure decisions. Working through one flexible spreadsheet at a time, Designing a Not-For-Profit Compensation System helps professionals develop an effective, tailor-made compensation system that reflects and embraces their unique environment.

From the Back Cover

"JoAnn Senger has gone out of the box to address fundamental compensation issues too-often ignored in the public and not-for-profit sectors. She peels away the 'second-class citizen' label and provides effective compensation structures that reward top performers."
—Jonathan Fraser Light Senior Partner, Nordman, Cormany, Hair & Compton

A step-by-step plan to design and manage a compensation system for not-for-profit organizations

Written by recognized not-for-profit human resource specialist JoAnn Senger, Designing a Not-For-Profit Compensation System provides a step-by-step method to help human resource professionals design and manage a successful compensation system for any public or not-for-profit organization.

When it comes to compensation systems, the not-for-profit sector is rife with complexities, including legislative approval requirements and the board of directors' direct involvement in compensation matters. Addressing these and other unique obstacles, Designing a Not-For-Profit Compensation System:

• Defines various types of not-for-profit and public organizations
• Identifies current types of compensation structures
• Identifies organizational characteristics influencing the usefulness of each structure, including the organization's budgeting and accounting processes and timetables
• Covers maintenance for all compensation structures and the interaction among organizational units
• Details the usefulness of each compensation structure, including midpoint calculations, rate adjustments, variable pay, and market surveys

See all Editorial Reviews

Product Details

• Hardcover: 198 pages
• Publisher: Wiley; 1 edition (March 21, 2005)
• Language: English
• ISBN-10: 047165776X
• ISBN-13: 978-0471657767
• Product Dimensions: 9.2 x 6.5 x 0.8 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #716,665 in Books (See Top 100 in Books)

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