That counsel was printed on the cover of the booklet that sat atop a stereo system that I recently purchased. “To obtain the best possible performance read the manual – ‘carefully and thoroughly’.” Read the manual – an unfamiliar concept to most of us when we purchase new equipment – even more alien when it […]
Based on our 2014 Compensation and Operations Report, the positive trend in the NPO salary setting process continues. In 2014, 14% of respondentsreported that their Board not only sets the CEO’s salary but also determines some subordinate staff salaries as well. This compares to 19% in 2013, 13% in 2012, 17% in 2011 and 18% […]
Looking through our 2014 Compensation and Operations Report, it appears that like their counterparts in the private sector, overtime by executives in the not-for-profit sector is the norm. Fully 89% (79% in 2013) of the CEOs worked overtime in an amount varying from 1 to 25 hours per week. The average number of hours of […]
One of the most significant differences between for-profit and not-for-profit organizations is in how they gauge organizational achievement. In for-profit organizations, success is often measured by the organization’s stakeholders simply by looking at the “profit” generated by the organization. For publicly-traded companies, success is frequently tied to the share price of the organization’s stock. It […]
Board Committees Deal with Governance, Staff Committees Deal with Administrative Matters It’s truly amazing how much some not-for-profit organizations (NPOs) accomplish given their limited staff and financial resources. How is it that in some NPOs, so few directors and staff members can accomplish so much? One of the prime reasons for this high level of […]