Today, Total Compensation Solutions (TCS) reported that not-for-profit base pay increased by an average of 8.4% compared to last year. The increase is a great deal higher than the pay base for the previous few years.
Some believe that the increase is a good indicator that the economy is improving.
“This increase is significantly higher that we have seen over that last two study cycles 2008 to 2009 and 2009 to 2010” says study project manager Tom Bailey. “The increases for the previous two study cycles reflected the severity of the economic recession with marginal increases of 2.4% and 1.5% respectively.”
Organizations experienced severe funding cuts through the recent recession. Nonprofits are often hit extremely hard during an economic downturn.
The 2011/2012 Not For Profit Compensation Survey is the 9th edition of Total Compensation Solutions’ not-for-profit survey. The survey reports compensation information for 72 positions from 678 organizations in the not-for-profit sector.
Copies of the 2011/2012 Not For Profit Compensation Survey are available from TCS at http://www.Total-comp.com.