Chapter 15 Compensation and Employee Benefits
The financial success of an organization depends on its ability to contain costs, the major and most rapidly growing portion of which are employee salaries and benefits and, most controversial, executive compensation. Employee compensation is, as a rule, the single most important operating cost across the nonprofit sector. This is so partly because a considerable percentage of the sector is labor-intensive—often with a high content of professional persons.
This chapter deals with components of that cost, including executive compensation packages, which must be voted upon by the board. The chapter also deals with retirement, health and death plans available to all employees including the Affordable ...
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