Ruth.McCambridge
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Ruth.McCambridge
ModeratorAugust 4, 2022 at 9:22 pm in reply to: Private: Managing and using cash reservesJeff, yours is such an important point on the need for reserves being dependent to some extent on types of funding. Jon Pratt wrote a piece years ago which we want him to update called Analyzing the Dynamics of Funding: Reliability and autonomy which can be found here https://nonprofitquarterly.org/analyzing-the-dynamics-of-funding-reliability-and-autonomy/ which gets at the “it depends” nature of various revenue sources. But, again, I think you have surfaced some very interesting points about diversity within revenue pools for instance.
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I wonder, though, given that salary surveys reflect current/past norms, how effective they will be in creating more equity between workers, Maybe they need to be paired and balanced at times with internal goals? I have seen a number of articles recently about making the lowest wages in the organization conform to a living wage standard or higher. I’d like to call others in on this since I know some of you have a head start
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It was interesting to see how many of our BETA testers referenced the fact that they either had increased salaries significantly already or were about to. For a good number, they took the step while still in the midst of the pandemic. It would be great to know how you rebalanced those budgets given that so many of you also referenced the limitations that inadequate reimbursement rates place on so many nonprofits? How did you make the proposal? Did it meet with resistance and how was that overcome?
I’d also be interested to know if any of you specifically targeted lower end salaries.