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Compensation Plan

Help Way Finders Inc learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Way Finders Inc
Springfield, MA, USA
Way Finders Inc
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Way Finders Inc
Springfield, MA, USA

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Cause
Housing & homelessness
Skills
Human resources Organizational design

Posted November 15th

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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

I'm planning on starting a comprehensive comp study in January. At the moment, I just need help with writing an RFP - I have vendors identified that have worked with nonprofit organizations in the housing industry. Would someone be able to help with just that aspect to help get the process going?

What we have in place
  • What I'm looking for a consultant to do:

    Review current job grading system
    Review compensation philosophy & system, including schedule/system for wage increases for COLA & merit.
    Review job descriptions, job requirements, titles
    Review market data - including custom survey(s) to industry-specific organizations (both nonprofit social service orgs, and affordable housing/real estate orgs)
    Make recommendations
How this will help
This project will save us $6,746 , allowing us to ?

This first step of getting an RFP ready will help me move this project forward. We're currently hiring 3 HR staff, and we're stretched quite thin right now.

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

Way Finders Inc
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Causes
Housing & homelessness Community & economic development Employment services
Posted by
ES
Erica S.

Senior Vice President, Human Resources

Our mission

Way Finders lights pathways and opens doors to homes and communities where people thrive.

What we do

Founded in 1972, Way Finders lights pathways and opens doors to homes and communities where people thrive. Way Finders provides housing counseling, financial education, employment training, affordable housing development and management, rental assistance, homelessness prevention services, neighborhood revitalization, and community building.

Testimonials

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