Compensation Plan

Help CloseKnit learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
CloseKnit
Minneapolis, MN, USA
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CloseKnit
Minneapolis, MN, USA

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Posted January 25th

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

We are filing for our 501(c)3 status. We were paying our executive director as a contractor and now we have to set them up as an employee and are unsure how to proceed.

What we have in place
  • We will be able to provide our current information and processes.
How this will help
This project will save us $6,746 , allowing us to focus on addressing youth homelessness!

We are a new organization and this will help us establish the foundation to succeed.

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

CloseKnit
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Our mission

Our Vision
We see all youth facing homelessness as already loved, especially youth from underestimated and under-resourced communities.

Our Mission
CloseKnit catalyzes system change, building a holistic response that overcomes racism to honor and invest in existing "chosen family" arrangements that prevent youth homelessness.

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