Newly released data from Opportunity Knocks' 2013 Nonprofit Wage & Benefits Report offers a comprehensive view into the latest nonprofit compensation trends
ATLANTA, Sept. 10, 2013 /PRNewswire-USNewswire/ -- More nonprofit organizations are reporting increased employee salaries in the past year than at any point since the economic downturn in 2008, according to new data published by Opportunity Knocks, a national job board and HR resource for nonprofit employers and job-seekers.
Of the more than 1,600 nonprofits surveyed in this year's report, 47 percent reported salary increases in 2012. Although this is up 10 percent since bottoming out in 2010, it is still very much below the 75 percent of nonprofits that reported rising salaries before the downturn.
While salaries are trending upward, the data also show that nonprofits' contributions to employee and dependent health insurance is at a 5-year low and continues to decline, down approximately 15 percent in the past two years.
"We published the Opportunity Knocks 2013 Nonprofit Wage & Benefits Report to help organizations base their critical human resources decisions on hard numbers and facts," said Karen Beavor, President and CEO of Opportunity Knocks. "True to our mission, production of this report demonstrates our commitment to lead and support efforts promoting a robust workforce that enables organizations to achieve their missions."
Now in its fourth edition, the annual Opportunity Knocks Nonprofit Wage & Benefits Report is based on salary and benefits data collected from a survey of nonprofit organizations across the country. Employers and employees alike reported benefits information, while employers submitted information about salaries offered at their organizations. Each year, the report provides insights and trends for nonprofit employers to determine fair wages and benefits packages and helps job-seekers have realistic expectations of salaries and benefits offered throughout the sector.
In addition to high-level trends, the report categorizes wage data by job title and organizational budget, and then groups the data by city population and cost of living. This provides a more accurate picture of trends and allows nonprofits to compare their packages with organizations of similar budget size in locations with a similar cost of living. Benefits data was evaluated based on the operating budget of the organization, and is broken down into zones by location and cost of living. The report can be purchased online at http://content.opportunityknocks.org/wage-benefits-report/ for $49.95.
About Opportunity Knocks: Opportunity Knocks is the national nonprofit job board, HR resource, and career development website exclusively for the nonprofit community. For nonprofit professionals, www.OpportunityKnocks.org is the premier destination to find nonprofit jobs and access valuable resources for developing successful careers in the nonprofit community. For employers, www.OpportunityKnocks.org is the best way to find qualified nonprofit candidates and receive valuable information that nonprofit organizations need when building successful recruitment, retention and human resource strategies. Opportunity Knocks is a program of the Georgia Center for Nonprofits.
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SOURCE Opportunity Knocks