WTOP: 5 ways nonprofits can…
Compensation planning can be an intimidating process for a nonprofit organization. While budgeting salary and benefits may seem objective, it is actually influenced by many factors including: philosophical considerations, competition, regulation, etc. You should understand the critical elements that need to be included in your compensation plan and the timeframe for developing a reality-based compensation plan.
Join us for our webinar, Nonprofit Compensation Planning Is Essential for Attracting & Retaining Key Employees presented by Sidney Abrams, Director of Consulting Services, and Heather de la Riva, Director of Virtual Outsourcing, brought to you by KNOWLEDGEConferences.
Program Highlights:
Mr. Abrams and Ms. de la Riva will cover:
- Required elements of a compensation plan including salary, benefits, and other forms of compensation both financial and nonfinancial in nature
- Developing a compensation philosophy that fits your nonprofit
- The process for approving the compensation of your CEO/executive director and certain other key executives
- The importance of conducting an independent review of compensation decisions, using objective comparative salary data, and documenting your decisions as part of your board minutes
- Understanding how to interpret comparative salary data and how to benchmark your compensation decisions
- How to effectively communicate your compensation plan with your employees
- The importance of conducting an annual review of your compensation plan