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Reply To: Private: Managing and using cash reserves

We set ours at 3 months of expenses. Each year when our budget increase, we set aside an additional amount to get our reserve back…

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Reply To: Private: Can salary keep pace?

Our approach has been two-fold. First, we gave COLA’s that were a little higher than normal (but still no where near inflation). We are trying…

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Reply To: Private: Budgeting for salaries and cost of living

This is what we did. We are still planning to have annual raises at the calendar year, but gave everyone a one-time amount of $1,000…

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Reply To: Private: Can salary keep pace?

In the past, our annual salary increases have been tied to the federal COLA, with additional market increases for roles that were out of line…

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Reply To: Private: Can salary keep pace?

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…

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Reply To: Private: Can salary keep pace?

Payroll accounts for approximately two-thirds for our annual budget. Our organization has given mid-year budget recast inflation related adjustments to our field staff in Uganda…

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Reply To: Private: Can salary keep pace?

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…

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Reply To: Private: Can salary keep pace?

I am considering a $1 or $2 per hour across the board for wage increases. In this time, it seems more equitable than a percentage.…

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Nonprofit Finance Fund Findings on The Racial Realities of the Nonprofit Economy

Every year, the Nonprofit Finance Fund puts out a report based on a survey. This year’s survey report, reflecting 1,168 nonprofit respondents, displays NFF’s new…

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Nonprofits and Inflation: What’s the Plan?

Nonprofits negotiated the pandemic in ways that served their communities and their own sustainability even under great stress. Still, the changes the crisis caused —…

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