NONPROFIT COMPENSATION
Here's the article I was trying to write in Nonprofit Doublespeak/Excessive Compensation : Who here is a compensation specialist? Not me, but I know there is a science to it. Salaries aren't (usually) plucked out of thin air. They are determined, not just by mean and median, but by geography, skills, the market and scope of responsibility. Therefore, before we evaluate whether a $200,000+ salary could be appropriate for a non-profit executive, let us go through three steps: STEP ONE: CONTEXT Start with some stats cut and pasted from the "Economic Statistics Briefing Room" section of the White House's website... Median household income was $46,326 in 2005, up 1.1 percent from 2004 after adjusting for inflation. This is the first annual increase in real median household income since 1999. Since 1967, the first year for which household income statistics are available, real median household income was up 30.9 percent How does that break down by ethnicit...