Nonprofit Executive Compensation Southern New Hampshire University OL 620: Total Rewards 03:38:39 GMT -05:00 Nonprofit organizations are typically expected to be motivated by serving the public good. Due to this, nonprofits have come under scrutiny for paying executives exorbitant salaries that...
, Nonprofit organizations are typically expected to be motivated by serving the public
good. Due to this, nonprofits have come under scrutiny for paying executives exorbitant salaries
that are even to or even more than corporate salaries (Johnson, 2016). Nonprofit organizations
must have total rewards strategies that can attract and retain top executive talent that must also
follow Internal Revenue Service (IRS) regulations regarding executive-level pay. Competitive
pay strategies can benefit nonprofit organizations.
Advantages
The advantage of paying nonprofit executives competitively means that nonprofits will
have access to the same talent pool as corporations. When nonprofit organizations pay
competitively, they can attract top talent from not only other nonprofits but also corporations.
Roy Maurer’s article notes that is critical “for nonprofits to prioritize their people, and the
talent and culture strategies that support them” to attract and retain top talent, especially
executives (Maurer, 2017).
When people seek work for nonprofit organizations, typically it is because they are
looking to work for a cause they are passionate about. Nonprofits are nuanced and require
leadership that can increase their reach and service-driven missions. According to Roy
Maurer’s article:
“Today's workers want to see that they are having a meaningful impact on the world, said
Paul D'Arcy, senior vice president at job search engine Indeed. ‘For this reason, we've
seen a growing interest in not-for-profit work and many businesses increasingly
emphasizing the social purpose of their mission’” (Maurer, 2017).
People who are seeking work they are passionate about would likely perform well in their roles,
which are also likely specialized, especially C-suite level roles who can navigate the complex
03:38:39 GMT -05:00
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
