Compensation may be one thing, but is it the most important?

If you were offered a leadership position at two different companies, what would help you choose which one to pick? If you were passionate about the work of both organizations and you heard they were equal in both benefits and environment, your decision would likely be difficult. When they offer you compensation, one offers $50,000 USD and the other offers $70,000 USD. The companies looked equal until now, so your decision might be a little easier. An organization’s human resources are an important asset, so what can an organization do to make sure they are attracting and retaining the best quality talent? Compensation may be one thing, but is it the most important? What other types of rewards might be in an organization’s design?

To prepare for this Discussion, think about rewards that companies might offer their employees and volunteers.

 

By Day 3

Post your perspective on how a nonprofit organization’s strategic plan affects the design of its rewards system. Explain whether there is a direct connection between the mission and values of the organization and its compensation system. If so, what is it? If not, why?

Renz, D. (Ed.). (2010). The Jossey-Bass handbook of nonprofit leadership and management (3rd ed.). San Francisco, CA: Jossey-Bass.

· Chapter 24, “Effective Human Resource Practices: Recruitment and Retention in Nonprofit Organizations”

· Chapter 26, “Designing and Managing Volunteer Programs”

· Chapter 25, “Total Rewards Programs in Nonprofit Organizations”

Points of Light. (2015). Programs. Retrieved from http://www.pointsoflight.org/programs/ 

Corporation for National & Community Service. (n.d.). Retrieved November 28, 2015, from http://www.nationalservice.gov/Default.asp 

Eldenburg, L. G., Gaertner, F. B., & Goodman, T. H. (2015). The influence of ownership and compensation practices on charitable activities. Contemporary Accounting Research, 32(1), 169–192.

 

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