From the Publisher
Best practices and concrete data to help nonprofit organizations reexamine their employment practices in response to today's changing workforce and develop better management practices. This book examines the potential elements of a total compensation package including salary, healthcare and other insurance, deferred compensation, vacation and leave policies, individual and group bonuses, merit increases, noncash awards (gift certificates, merchandise, etc.), dependent care assistance, flexible spending accounts, job sharing and staggered hours.
From the Inside Flap
Nonprofit Compensation and Benefits Practices Applied Research and Development Institute International, Inc. (ARDI) Each year, tens of thousands of nonprofits wrestle with difficult choices about compensation, from what to pay an executive director or program head to which benefits packages will help to recruit and retain good staff. If nonprofits are to survive the workforce trends that are creating increased competition for a shrinking pool of talented employees, it is vital that they act now to develop fair, innovative, and competitive compensation packages. Nonprofit Compensation and Benefits Practices gives nonprofits a clear and comprehensive picture of what their peers in the nonprofit, private, and government sectors are doing to compensate their employeesand it provides the practical action tools necessary to establish and implement sound compensation policy in todays tough marketplace. Beginning with an overview of current employment and compensation practices, the book presents a cross-sector wages and benefits analysis that examines salary, insurance, pension plans, tuition reimbursement, and other key areas. Next, it explores innovative remuneration practices within the nonprofit sector with the help of insightful case studies, and provides important guidance on how to go about drawing up a compensation plan. Exploding the myth that nonprofits cant afford to offer competitive packages, this book shows how nonprofits can use a creative compensation and benefits program to enhance staff recruitment, morale, productivity, professional development, and retention. After all, nothing influences mission accomplishment more than the quality of the people working to achieve itand putting people first is what nonprofits are all about.