Do Salaries Equal Value?
There are many conversations floating around about compensation for nonprofit execs. I appreciate some of the thoughtful commentary on the matter. I think more dialogue is needed. There are important perspectives, practices, and values to consider that require more than a quick meme or post response. Who is ready for some meaningful conversation around this topic? There are three basic themes to the arguments I'm hearing:
1️⃣ Nonprofits must attract strong talent and pay on par with for-profit corporations to attract that talent, i.e., whatever is good for the for-profit sector is good for the nonprofit sector.
2️⃣ Nonprofits are charities that rely on social investors, donors, and grantors to fund operations. While for-profits generate sales and make profits from those sales, nonprofits raise funds for public benefit and should be good stewards of those funds, i.e., pay reasonably, not extravagantly.
3️⃣ No one should be making the kinds of exorbitant salaries corporate leaders have come to expect. Execs on both the for-profit and nonprofit sides need to cool their jets when it comes to inflated compensation packages.
👉 Uncharitable Movie poses some of the same questions but has some basic assertions that fall more in line with the first point above ☝
👉 Most voices I hear seem in line with point number two above. ☝☝
👉 Anyone for point #3? 🙋🏽♀️
What say you...?