Nonprofit Organizations and Employee Salaries

Nonprofit GrowthDevelopment
Written By Sherry Quam Taylor

Last month I spoke to four nonprofit leaders who talked about their desperation to raise salaries to retain key employees and attract new ones. 

 

Of course we all support this. So, what’s the problem?

 

(I don’t need to tell you it’s a deep issue at the root of the nonprofit sector.)

 

From my vantage point, here’s the equation I see: 

Hang-over from the decades old myth that “nonprofits don’t pay well”

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The messy intersection of money and the morality of mission-based work

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Decades of budgets getting approved without REAL salaries in the budget

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Nonprofit development teams not knowing how to raise enough gen-ops to RAISE to the real budget.

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Now years of under-investment in staff, the mountain seems too big. How would you give staff a 30% raise across the board?

 

🟰 A leader struggling with employee retention and attracting new candidates.

 

The solution? 

Create an annual budget that reflects your REAL NEED. Then invest in equipping your development team to operate in a HIGH-ROI model and RAISE to that need.

 

I know. That seems like an oversimplification. But, it’s kinda not. It can be that simple. But, you’ve got to invest in equipping your entire team to see your revenue challenges from a different perspective.

 

(And, you might need to ramp up your overhead greatly over two years to do this. That might mean programs stay steady. It’s ok. Trust me.)

 

Wondering if your team is capable of raising more so you can pay all of your valuable employees market rate or even more? You can apply to work with me here.

Whenever you’re ready, here are THREE things you can do next:

👣 Follow me on LinkedIn where I share the same lessons I teach my clients about attracting larger gen-ops dollars and adding 7-figures + to their bottom line. 

🍎 Read my GUIDE! THE TRUTH ABOUT GIVE/GETS :: Top 5 Reasons Your Board’s Give/Get Is Leaving Thousands (Sometimes Millions) on the Table. See how limiting board members to the Give/Get model restricts gifts and keeps your staff from reaching their full fundraising potential. Here to get it.

📈 Work with me to scale your org's revenue by 2-5X and fund your organization’s Strategic Plan // If you’re a business-minded CEO already raising MILLIONS but need to diversify revenue and secure more general-operating dollars to invest in growth, you can apply to work with me here.

Sherry Quam Taylor

Sherry Quam Taylor works with growth-minded Nonprofit CEOs who are scaling their organizations but still need larger amounts of general operating support to truly grow. She breaks their teams free from the limitations of transactional fundraising and helps them reimagine their entire approach to revenue generation.

The high-performing leaders Sherry works with want to find and secure more unrestricted revenue from investment-level donors. They simply need more funding to do what’s in their Strategic Plan. To achieve this, she transforms their teams and boards into high-ROI revenue generators - revealing how they can align every hour they spend fundraising with new principles that double and triple donation sizes.

As a result of learning her methodology, Sherry’s clients regularly add 7-figures of gen-ops revenue to their bottom line by learning how to attract investment-level donors that WANT to fund their work. But the biggest transformation they experience is knowing the exact strategy, path, and team that will propel them to generate the 2-10X dollars their strategic plans require.

Sherry attributes the success of her business to her passion for modeling radical confidence to the future CEOs in her house - her two teenage daughters.

https://www.QuamTaylor.com
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Nonprofit Leaders: Create Your Budget so it Reflects Your Organization’s Actual Need