Along with internal equity and market comparison, a potential staff member's formal background should be taken into consideration when determining appropriate compensation. Here are the three primary areas of consideration: Degree or Non-Degree Area(s) Of Study Under Graduate Or Graduate Level Based on the position requirements as documented in the job description, how close of a match is the … [Read more...]
Compensation Programs Internal Equity
The Second Component Of Any Good Church Staff Compensation Program ... Considering Internal Equity
A challenge in the implementation of any compensation program is maintaining internal equity. What does that mean? When considering adding a new staff member, it's important that the rate of compensation offered is consistent with other staff already in place in similar positions. This can be difficult, especially in a situation where an outside person is being considered who, in their current position, is already … [Read more...]
Financial Hardship Policy
Addressing The Issue Of Financial Hardship In The Church In A Healthy Way
The church has a responsibility to its attendees and members when they are faced with financial hardship. However, there are three clear biblical guidelines for how individual Christians and churches should help those in need within the church. First, each Christian should provide his or her own financial support. 2 Thessalonians 3:7-10 states, For you yourselves know how you ought to follow our example. We … [Read more...]
Developing An Income Model
The First Step In Developing An Annual Budget For The Church
Work on the annual budget begins in early August. And, it begins with projecting income. What kind of General Fund giving is reasonable to expect for the coming budget period? The most accurate way to project giving for the future is to use data from the past. Read on and develop a detailed understanding of how to approach the development of an Income Model for your church. Please download and have this Income … [Read more...]
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