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Compensation Plan

Help Bay Aging learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Bay Aging
Urbanna, VA, USA
Bay Aging
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Bay Aging
Urbanna, VA, USA

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Cause
Human services
Skills
Human resources Organizational design

Posted October 23rd

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Compensation Plan

Project details

What we need
  • Review of job descriptions, pay structure, internal value, competitive market data, non-monetary rewards and benefits
  • Recommendations for updating staff compensation and incentive plans
Additional details

This project is to conduct market analysis to assist with determining competitive rates for our positions in the non-profit sector.

What we have in place
  • We have a guideline for salaries. We have job descriptions; however, we need to formalize our compensation program. Our benefits are fairly competitive. We have a benefit summary sheet and can provide information on them. The need for a market assessment of salaries for similar positions is needed to determine what if any adjustments need to be made.
How this will help
This project will save us $8,686 , allowing us to carry out services needed and make key decisions regarding a foundational component of our workforce-compensation. Competitive pay determines if we have the workforce we need to provide services.

Competitive pay is crucial to being able to retain and recruit staff to carry out our mission.

Project plan

P
Prep: Current Materials
  • Volunteer Manager provides Professional with an overview of current job descriptions, pay structures and compensation policies
1
Milestone 1: Research & Analysis
  • Professional connects with Volunteer Manager for a brainstorming session
  • Professional analyzes current job descriptions, pay structure, non-monetary rewards and benefits
  • Professional gathers information about competitive market data and internal value of positions
2
Milestone 2: Recommendations
  • Professional proposes recommendations for job descriptions, pay structures, compensation policies, and incentive plans
  • Volunteer Manager provides feedback to Professional’s proposals
3
Milestone 3: Compensation Plan
  • Professional delivers a compensation plan with updated job descriptions, pay structures, non-monetary rewards and other incentives
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About the org

Bay Aging
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Causes
Human services Health & nutrition Housing & homelessness
Posted by
MD
MaDena D.

Human Resource Manager

Our mission

Bay Aging will deliver the programs and services people of all ages need to live independently in their communities for as long as possible.

What we do

We offer three major divisions of services:
Community Living
Bay Transit
Bay Family Housing

Testimonials

Read the Impact Story
Yvette was great. She provided the expertise we needed and assisted with communication of the data.
MaDena D.

Human Resource Manager

Compensation Plan Project

It was so easy working with MaDena! She answered my emails right away, and asked probing questions for a better final product
Yvette W.
Yvette W.

Volunteer

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