Forum Replies Created

  • john-skillings

    Member
    April 8, 2022 at 3:07 pm in reply to: Private: Budgeting for salaries and cost of living

    These are weird times with inflation rising and unemployment low, giving employees more options. There is a tightrope to walk when you’re trying to retain staff, and maintain budget integrity. I’ve seen examples of organization making one time adjustments for COLA in addition to merit increases, but not all organizations can do that. Talk to your staff. What is important to them? Maybe there is a hybrid of wage, benefits, and intangible options, like flexible hours, or remote work allowances that can be useful in employee retention. I’d like to hear more about what others are doing.

  • john-skillings

    Member
    April 8, 2022 at 2:57 pm in reply to: Private: One time windfall

    This might be a good time to revisit your strategic plan. Does that give any guidance about program development, growth , or asset acquisitions? Does your org have sufficient operating reserves? Do you have significant fixed assets that may need replacing? The board can protect these assets through board designations of your Unrestricted Net Assets. Examples might be a Operating Reserve Fund, or a Fixed Asset fund to replace depreciated fixed assets,

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