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...]
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...]
Market Comparison
A Critical Part Of Any Organization's Compensation Program
Documenting your Compensation Program is a very important part of annual salary budgeting, especially as it relates to providing "back up" and rationale for where a particular salary needs to be in the new budget. Are we talking about a cost-of-living or merit (depending on what you call it) increase, an equity adjustment, or no increase at all? The first and most important area of consideration, especially as it … [Read more...]
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