Tennessee Nonprofit Network is thrilled to announce the launch of a vital new resource for our sector: the Tennessee Nonprofit Compensation Survey Report! Understanding appropriate compensation and benefits is paramount for effective nonprofit leadership and strong governance. This comprehensive report, a collaborative effort between Tennessee Nonprofit Network and the esteemed Sycamore Institute, launched in late 2024 and is now available to empower your organization.
For too long, Tennessee’s nonprofits have navigated the complexities of compensation without sector-specific data. While the Bureau of Labor Statistics provides valuable insights into the broader economy, it does not currently track nonprofit compensation as a distinct category. This information gap has made it challenging for nonprofit leaders and boards to benchmark salaries and benefits, hindering their ability to attract and retain the dedicated professionals who drive our missions forward.
This is where the Tennessee Nonprofit Compensation Survey Report steps in. By providing a detailed analysis of compensation and benefits within our state’s nonprofit sector, this report offers invaluable insights to inform your strategic decision-making.
Why Does Understanding Nonprofit Compensation Matter?
In today’s competitive landscape, nonprofits are not only striving to achieve their missions but also competing with the private and public sectors for talented individuals. Offering fair and competitive compensation and benefits packages is crucial for:
- Attracting Top Talent: To achieve ambitious goals, nonprofits need skilled and passionate staff. Competitive compensation helps you stand out and recruit the best candidates.
- Retaining Dedicated Professionals: Investing in your team through fair compensation fosters loyalty and reduces costly turnover, ensuring continuity and expertise within your organization.
- Ensuring Equity and Fairness: Understanding compensation benchmarks helps ensure that your pay scales are equitable and reflect the value and responsibilities of each role.
- Strengthening Organizational Capacity: When staff feel valued and fairly compensated, they are more engaged, productive, and committed to the organization’s mission.
- Promoting Transparency and Trust: Clear compensation practices build trust with staff, donors, and the community.
Accessing This Essential Resource:
We are committed to making this crucial information as accessible as possible for Tennessee’s nonprofit community.
- Participating Organizations: If your organization participated in the survey, you receive a free copy of the full report. Furthermore, every employee within your organization registered through our membership portal can access and view the report.
- Tennessee Nonprofit Network Members (Non-Participants): Member organizations that did not participate can purchase unlimited access to the report for all their staff through our member portal for just $99.
- Nonmembers: Nonprofit organizations that are not yet members can access limited copies of the report for $249.
(If you aren’t yet a member but are a 501(c)3 organization in Tennessee, register for membership! It’s free! You’ll save money by getting the member rate for this and other offerings like the Tennessee Nonprofit Conference!)
We understand that budget constraints are a reality for many nonprofits. That’s why we have intentionally priced this report significantly lower than similar reports offered by state associations nationwide. Our priority is to empower your organization with the data you need to thrive.
Don’t navigate the complexities of nonprofit compensation in the dark. Equip your leadership team and board with the knowledge they need to make informed decisions that will strengthen your organization and support your vital mission.