Compensation Plan

Help Global Impact Investing Network learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Global Impact Investing Network
New York, NY, USA
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Global Impact Investing Network
New York, NY, USA

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Posted May 11th

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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

Compensation structure, job titles that "mirror" finance industry, though we are a nonprofit. We need a salary philosophy/strategy and ways to retain employees longer without going through changes of titles that are not really promotions. We need to work on our staff structure to resolve the issue retaining SMEs without moving them to director level.

What We Have In Place
  • We have most job descriptions and salary ranges (we are not satisfied with). We'd like to benchmark our salaries with nonprofits/NGOs in our field of impact investing or doing social good through finance. We can provide information as we go. I am honestly unaware of what the consultant would require from us to do the project. We hope to have this project done by end of June, the time of our next performance review cycle (mid-year)
How This Will Help
This project will save us $6,746 , allowing us to invest in an ATS system or other operations-related tools.

We have challenges retaining staff at the Senior Manager level. People who are subject matter experts are very important to us. We cannot crowd the director level space, but don't know how else to position our expert staff. We need retention strategies by having salary ranges that make sense and reduce turnover.

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

Global Impact Investing Network
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Our Mission

The GIIN is a not-for-profit organization dedicated to increasing the scale and effectiveness of impact investing. Impact investing is the use of for-profit investment to help solve social and environmental problems. The GIIN addresses systemic barriers to effective impact investing by building critical infrastructure and developing activities, education, and research that attract more investment capital to poverty alleviation and environmental solutions.

What We Do

The GIIN supports collaboration, develops industry infrastructure, and undertakes research and advocacy to foster a coherent impact investing industry. The GIIN's programmatic agenda is rooted in the challenges investors face. It serves as a forum for identifying and addressing the systemic barriers that hinder the impact investing industry's efficiency and effectiveness.

The GIIN works to increase dramatically the level and effectiveness of capital that is supporting market-based solutions to social and environmental problems. Our goal is to help foster a coherent impact investing industry that channels investment capital efficiently to accelerate the development of solutions to pressing social and environmental problems. Impact investing can be a powerful complement to philanthropy and government efforts to address many issues, including relief for suffering communities, eradication of disease, stabilization of climate change, provision of basic social services such as housing and sanitation, and development of a green revolution in Africa.

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