I've been asked more than once over the years ... "How much does your church keep in reserve?" My answer? "It depends." I haven’t come across a “standard” as it relates to cash reserves, at least that works for everyone. As church leaders, we know having a reserve is a good thing, but we’re not in the money-saving business. We’re in the money spending business (for the good of the Kingdom, of course). We have to … [Read more...]
How To Develop A Compensation Program For Your Church
The 5 Important Components Of Any Good Church Compensation Program ... Explained
Every church, regardless of size or denomination, must have a "structured method" of determining fair and equitable compensation for staff. Why? Having a program developed, documented, and readily available for staff to read and understand solves or prevents issues staff sometimes have related to their compensation. Everyone knows where they stand in the organization and they are confident that their compensation is … [Read more...]
Compensation Program Job Descriptions
The Fourth Component Of Any Good Church Staff Compensation Program ... The Job Description
When it comes to developing a Compensation Program for your church, the Job Description is "the glue" that holds the program together. (See Writing Job Descriptions.) Much of what needs to happen in a formal compensation program requires the comparison of one position to another. Whether it be internal equity or market comparison, it's critical to have the position well documented. This is done via the job … [Read more...]
Compensation Program Formal Background
The Third Component Of Any Good Church Staff Compensation Program ... Considering Formal Background
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...]
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