Written By: Esther Nand
Moving Toward Equity Report, a compensation, benefits, & work culture report for RVA nonprofits
OVERVIEW
Following the pandemic, nonprofits experienced recruiting and retention challenges. As a result of this new set of challenges, a group of eight nonprofit leaders in the RVA community joined forces to create the Central Virginia Nonprofit Compensation and Benefits Task Force. The three goals of this task force were to:
- Educate RVA nonprofit employers on how their pay, benefits, and practices position them in their local market.
- Provide quality data that helps make impactful board presentations and to educate funders.
- Enable nonprofit employers to better recruit and retain employees by making strategic changes to their pay, benefits, and work culture.
To achieve these goals, the task force conducted a compensation survey designed to help nonprofit leaders determine if their pay, recruitment, retention, and work culture strategies meet market demand.
SURVEY RESULTS
The survey results are based on data submitted by 49 nonprofits headquartered in Greater Richmond and 428 respective employees.
Some findings from the survey are:
- Confirmation that pay is the most common reason why employees seek new opportunities
- Nearly 50% of our respondents offer paid parental leave (20% higher than the national average as reported by the Bureau of Labor Stats in March 2023)
- Over 75% of employees agree or strongly agree that their employer evaluates their job performance fairly
- There is still work to be done as the employment force strives toward pay equity across all demographics
- Larger nonprofit organizations are finding it easier to address and adapt to these new challenges, while smaller nonprofits generally have less confidence in their ability to recruit and retain talent
The report provides insight into the nonprofit compensation landscape. There is a lot to be learned from the data collected. As you digest the report, the professionals at Warren Whitney welcome the opportunity to speak with you and offer insights into how you can leverage the information collected.
CLICK FOR THE MOVING TOWARD EQUITY REPORT
CLICK FOR THE MOVING TOWARD EQUITY Q & A
IN PARTNERSHIP
We are pleased to share the names of the leaders who made this study possible. We applaud their proactive initiative to make positive changes for our community!
Beth Vann-Turnbull, Housing Families First
Damon Jiggetts, Henrico Education Foundation
Elvira de la Cruz, Latinos in Virginia Empowerment Center
Karen Legato, Health Brigade
Katina Williams, United Way
Robert Bolling, ChildSavers
Sheree Hedrick, Hanover Safe Place
Tyren Frazier, Better Housing Coalition
This project was co-sponsored by Susan Hallett from Bob and Anna Lou Schaberg Foundation, Scott Blackwell from the Community Foundation for a greater Richmond, and Reggie Gordon from the Richmond Memorial Health Foundation.
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Warren Whitney consultant Esther Nand oversaw the implementation of this project. Esther works with organizational leaders to strategically evaluate the best path forward. In addition to collaborating on projects, she provides a range of HR consulting services and solutions tailored to meet the unique needs of each organization. Esther’s expertise are nonprofit HR, planning, projects, and policy development. If you would like to learn more about our services, please call us at 804.282.9566 or email Stephanie Ford at sford@warrenwhitney.com. We do not charge for the initial call. We want to learn more about your business needs.
MAKING POTENTIAL HAPPEN
Data Directions Inc.