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Strategic Pay Limited,
“Love Factor” is a nice, cuddly term for the difference between the pay that employees in the not-for-profit sector are willing to accept and what they might receive in the broader employment market.
It is presumed that they accept this gap because of the greater personal rewards they gain from working in this sector - that is, “because they love their work!”
However, another phrase comes to mind in examining this employment market: “Love has its price!”
Even the most caring employers in this sector must remain alert to the hazards of that “price” being reached. If the gap becomes too large, even the most dedicated employees will be tempted to question the value of their love for the work. Love alone may not be enough to keep them on the job. Employers must pay close attention to the gap to the broader employment market in order to keep these employees. Why? Simple: Because They Are Worth It!
The Strategic Pay Limited Survey of Remuneration in the Not for Profit Sector is the most effective tool available for tracking the relativity of pay in this sector with that in other employment markets. Knowing these different market rates will play a key part in ensuring pay is aligned with the appropriate market data.
The Not for Profit Remuneration Survey will provide an in-depth picture of the remuneration market, and individual job analyses will identify clearly where your roles sit in that market as well as your overall organisational profile.
The survey has proven to be the most comprehensive and authoritative survey or remuneration in this sector. And it continues to grow.
Datapacks are being sent out to over 900 Not for Profit agencies in March. If you have not received yours, contact David Shannon by phone, mail, fax or email as follows: DDI: (09) 303-4053 FAX: (09) 303-4048 or firstname.lastname@example.org
Additional information is available at our stand at the Not for Profit Conference, Waipuna Conference Centre, Auckland, from 11 - 12 March.
The Department of Internal Affairs Te Tari
www.community.net.nz as a community service.
New Zealand Government Online: