Kate.Barr
Forum Replies Created
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I think that salaries and related costs also gets the most attention, and creates the most stress for leaders, because of the nature of the expense. When supplies, transportation, or food costs go up, there are options to look for other vendors, cut back on volume or frequency, or choose a less expensive menu. When salaries are the topic, it’s about people, relationships, and commitments that go deeper than an invoice.
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I love this way of using reserves to make important moves to live out the values of the organization as an employer. One the one time resources of reserves have been used, how have you been able to maintain these additional expenses? Or maybe it’s too soon to tell.
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It’s great to read about the process and steps to building these reserves, Frederick. I think it’s important to note that it took time to consider all the options and decisions for the investments and investment managers. Thanks for getting into the details.
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I LOVE this idea. It’s responsive to the impact of inflation while also addressing equity at several levels. Thanks for sharing this, it’s an approach I haven’t heard about.
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Thanks, Gina.