Nonprofit Executive Compensationsouthern New Hampshire Unive

Nonprofit Executive CompensationSouthern New Hampshire University OL 620: Total Rewards 03:38:39 GMT -05:00Nonprofit organizations are typically expected to be motivated by serving the public good. Due to this, nonprofits have come under scrutiny for paying executives exorbitant salaries that are even to or even more than corporate salaries (Johnson, 2016). Nonprofit organizations must have total rewards strategies that can attract and retain top executive talent that must also follow Internal Revenue Service (IRS) regulations regarding executive-level pay. Competitive pay strategies can benefit nonprofit organizations.AdvantagesThe advantage of paying nonprofit executives competitively means that nonprofits will have access to the same talent pool as corporations. When nonprofit organizations pay competitively, they can attract top talent from not only other nonprofits but also corporations. Roy Maurer’s article notes that is critical “for nonprofits to prioritize their people, and the talent and culture strategies that support them” to attract and retain top talent, especially executives (Maurer, 2017).When people seek work for nonprofit organizations, typically it is because they are looking to work for a cause they are passionate about. Nonprofits are nuanced and require leadership that can increase their reach and service-driven missions. According to Roy Maurer’s article:“Today's workers want to see