Monday, October 27, 2008

Employee Compensation Follow Up

If you haven't checked up on the previous post of a ED's questions about setting compensation and developing policies, the post has drawn some responses. Read the post here. Also, take a look at this Philanthropy Journal article by Linda Lampkin, the research director at ERI Economic Research Institute. She discusses some general thoughts on what to keep in mind when setting employees' salaries, and more importantly, the new requirements for the revised 990 regarding nonprofit executive director compensation. ERI Economic Research Institute, which provides salary surveys and cost-of-living comparison data for both the nonprofit and for-profit sectors, is a possible resource for your nonprofit.

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