CHAPTER TWENTY-FOURCOMPENSATION: ADOPTING A STRATEGIC APPROACH IN THE NONPROFIT SECTOR
Jessica E. Sowa
Competition for talent is increasingly tight across all sectors—for-profit, public, and nonprofit (Denny-Brown, 2021; De Smet et al., 2022; Kuenzi, Stewart, and Walk, 2023). With job vacancies at a high of approximately 10 million in May 2023 and quit rates increasing (Bureau of Labor Statistics, 2023), people have choices about where they take their talents, and organizations need to plan for and address this competition. In addition, the Covid-19 pandemic shined a harsh light on the working conditions of many organizations, leading workers to reexamine what they expect from their workplaces—a challenge organizations across the sectors ...
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