New PDF release: Designing a Not-for-Profit Compensation System

By JoAnn Senger

ISBN-10: 047165776X

ISBN-13: 9780471657767

"JoAnn Senger has long past out of the field to deal with primary reimbursement matters too-often neglected within the public and not-for-profit sectors. She peels away the

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Sample text

If your boss must bear the burden of this administrative overhead, then you may share in that burden as well. The number of board members determines the number required for a quorum, the minimum number of members required to be present in order to vote on an issue. If your compensation implementation effort requires a board vote, then the number of “yes” votes and the number in a quorum could be of critical importance. Some boards may be large enough to appoint either standing or ad hoc subcommittees.

New compensation managers should be no exception. The organization already has a workforce, and that workforce receives pay on a regular basis. Therefore, a de facto compensation structure already exists, and the workforce knows that structure as the status quo. You, the compensation manager, are working to change that status quo. The compensation manager needs some basic demographic information about these new colleagues, the existing workforce. These basic demographic statistics include a preliminary division of the workforce into the current employee groups.

1 In common speech, the term “private sector” usually means the for-profit sector of the economy. However, nonprofit organizations are considered private. 2 The reader might well ask why this book addresses two such different types of organizations: public and nonprofit. The answer is simple: I am putting these two types of organizations into one book because my human resources colleagues seem to view them as more similar than different. Why? ” At this point, the compensation manager need only determine whether the organization is a government agency or related entity (established, monitored, and/or supported primarily by the general public), or a nonprofit organization as formally defined by the Internal Revenue Service.

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Designing a Not-for-Profit Compensation System by JoAnn Senger

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