I’m wondering how equitable practices and the voices of people an organization serves might be included in the process more? With so many boards not diverse, how do we use a windfall to advance equity and inclusion?
That is a great question. Do salaries get the most attention because they are, as you said, the largest percentage of the budget and really are being impacted by challenges with retention and hiring (availability of workers) and inflation. I would suspect it might vary by subsector. Those that rely on food and transportation have been hard hit. I’m wondering what other line items would be there? And, would rent be a more lagging one as leases come up?
Kristine,
That is really helpful. Thanks for sharing. Does your finance committee review and determine the level annually or how do you keep looking at this?
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