The Ontario Nonprofit Network published The Cost of Under Compensation report, which presents options that leadership and staff in nonprofits can use to understand and quantify costs when determining whether to invest in higher compensation levels when hiring or prioritizing retention. In reviewing all of the costs involved with hiring and how salary decisions are made, organizations can gain an understanding of how they are spending money that could otherwise go to increasing compensation. According to the report, building supportive systems that help determine what an organization values and will compensate for will help decision-makers plan for recruitment and retention.
The report provides insights into compensation in the Canadian nonprofit sector, along with current trends. The Ontario Nonprofit Network delves into the costs of hiring, and provides an overview of compensation factors in the sector. The report also highlights compensation standards that nonprofits can use to establish good practices, including fairness and equity. For further information about the report, click here.