Nonprofit Pay Increases Reflect Economic Conditions, Shows New Study by Total Compensation Solutions
"Preliminary salary budget reports suggest that both for profit and nonprofit organizations are considering either a freeze on salary adjustments or minimal increases." Historical trends indicate a high degree of correlation between salary budgets and the consumer price index (CPI). "With a significant increase in the unemployed labor force and a lower CPI, many employers are simply being cautious about increasing pay," according to Gavejian.
The 2008/2009 Not-For-Profit Compensation Survey is the sixth edition of the survey which TCS has published since 2003. It is a valuable resource designed specifically for nonprofit organizations. Copies of this report are now available. If you have questions regarding this report or if you would like to order a copy of the report, please call TCS offices at (914) 730-7300 or email questions to: pgavejian at total-comp dot com or tbailey at total-comp dot com.
Total Compensation Solutions is a human resources consulting firm dedicated to assisting clients in achieving their strategic compensation objectives. The firm uses market data to identify best practices in a variety of topical areas including: board compensation; executive, middle management and staff compensation; performance management; organization structure; health and welfare; and retirement benefits. With client interaction, TCS gathers and reports information on compensation, personnel practices and benefits and applies the most effective, market-driven solution to each organization's unique set of circumstances. For more information about TCS, visit www.total-comp.com or contact us at: 914-730-7300.