Compensation planning can be an intimidating process for a nonprofit organization. While budgeting salary and benefits may seem like an objective calculation based on straightforward numeric information, it is actually a process influenced by a number of factors including: philosophical considerations, competitive salary levels, government regulation, etc. For example, philosophically, there is the common belief that nonprofit compensation levels are justifiably lower than for-profit sector salaries, and from a regulatory perspective, there are always concerns that signs of “excessive compensation” could trigger greater scrutiny by the Internal Revenue Service and various state agencies. The difficulty is that there are no specific formulas for determining employee compensation, but this doesn’t reduce the need for an overall compensation plan which begins with your CEO/executive director and covers every other level in your organization. The risks associated with not having a well-reasoned and documented compensation plan are just too great not to take seriously. Not only do you run the practical risks of being unable to attract and retain the best-qualified talent, but by following loose compensation practices you may also be inviting greater government scrutiny. Please join Sidney Abrams, SPHR, managing director of consulting services at NonprofitHR Solutions and Heather de la Riva, consultant, NonprofitHR Solutions, as they review the critical elements that need to be included in your compensation plan and assists you with the necessary timeframes for developing a reality-based compensation plan.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Discuss the required elements of a compensation plan including salary, benefits, and other forms of compensation both financial and nonfinancial in nature
- Consider how to develop a compensation philosophy that fits your nonprofit
- Review the process for approving the compensation of your CEO/executive director and certain other key executives
- Discuss the importance of conducting an independent review of compensation decisions, using objective comparative salary data, and documenting your decisions as part of your board minutes
- Understand how to interpret comparative salary data and how to benchmark your compensation decisions
- Learn how to effectively communicate your compensation plan with your employees
- Discuss the importance of conducting an annual review of your compensation plan
YOUR CONFERENCE LEADERS
Your conference leaders for “Nonprofit Compensation Planning: Essential for Attracting & Retaining Key Employees” are Sidney Abrams, SPHR, managing director of consulting services at NonprofitHR Solutions and Heather de la Riva, consultant, NonprofitHR Solutions. Sidney has nearly 20 years of human resources leadership experience, with more than half of his time spent in the nonprofit sector. He is highly versed in human resource strategy and implementation, with success in the disciplines of process analysis and improvement, policy development, compliance/audit and HRIS/HR technology. Sidney has completed successful engagements with clients such as the Illinois Education Association, Rebuilding Together, the Boys & Girls Clubs of Greater Washington and Greenpeace. Before transitioning to consulting, he created the HR function at the B'nai B'rith Youth Organization (BBYO) and served as director of human resources at AIIM International, where his efforts earned AIIM the “Great Places to Work” seal of excellence from Montgomery Work-Life Alliance. Sidney specializes in HR start-ups and turn-arounds, having twice established human resource departments at companies with no prior HR presence. He earned his senior professional in human resources certification from HRCI and is a member of the Society for Human Resources Management (SHRM). Sidney oversees client engagements for HR projects and outsourcing as well as business development for NonprofitHR Solutions.
Heather de la Riva, SPHR, SHRM-SCP, sHRBP is the director of virtual outsourcing a member of the leadership team at Nonprofit HR. Through her leadership, virtual outsourcing has become the fastest growing division at Nonprofit HR. She has successfully led innovative and complex projects in performance management, workforce planning, process improvement across the HR lifecycle and numerous compliance audits. By developing strong partnerships with executive leaders, Heather has become a change agent in the transformation of many organization’s cultures. Heather holds professional certifications from HRCI, SHRM and HCI and earned her bachelor’s degree in political science from Villanova University. She is an elected member of the board of trustees of the Oneida Public Library in upstate New York.