Sitting in the middle of a robust economy is one of the best ways for nonprofits to increase their fundraising power. Back in 1986, when the tax on charitable donations was increased, donations actually went up simply because people had money in their pockets, according to The Christian Science Monitor’s “Obama’s Right: The Wealthy Don’t Need a Huge Tax Break to Support Charity.” By contrast, the sort of economic health we’ve seen over the last year or so can have a devastating effect on nonprofits’ income.
In a recent online survey of charitable organizations in and around Bettendorf, Il., “Local Nonprofits Feel Pressure of Economic Downturn” 55 percent of the charities found obtaining funding a major challenge, 75 percent decided against a major capital campaign in this economic climate, and, yet, with demand on the rise from individuals and families for charitable services, 55 percent reported that they plan to expand their services in key areas over the next three years.
The Market’s Effect on Nonprofit Compensation Trends
If you work in the nonprofit sector at a management level and have to make decisions about nonprofit compensation and benefits for staff, you may assume that the market has changed for some job positions. But, do you know how? The nonprofit compensation surveys you normally use might not be available yet with data that reflects market changes and unfolding nonprofit compensation trends.
With that in mind, we’ve collected some basic salary numbers from PayScale’s database that will hopefully help you see better what the market is currently paying so you can make the cost-efficient decisions needed.
- Average Salary of Jobs in Legal Industry
- Compensation Budgeting: Determining Merit Pay Increases
- Compensation Strategies for a Bad Economy
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