Compensation Plan

Help Minnesota Housing Partnership learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Minnesota Housing Partnership
Saint Paul, MN, USA
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Minnesota Housing Partnership
Saint Paul, MN, USA

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Posted April 30th

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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

Looking for assistance in performing a salary review and comparing to market rates. Also ensuring job descriptions align to job title.

What We Have In Place
  • we currently have salary band and 2020 salary survey from MCN
How This Will Help
This project will save us $6,746 , allowing us to pay our employees better.

The objective is to allow staff know they are being compensated at market rate or at least the organization is making an effort.

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

Minnesota Housing Partnership
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Our Mission

MHP strengthens development capacity and promotes systems change to expand opportunity, especially for those with the greatest need. We support, lead, and collaborate with a diversity of partners to stimluate innovate and drive positive impact in affordable housing and community development in Minnesota and beyond.

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