Although non profit salaries can be just as competitive as those at for-profit corporations, sometimes it takes more to lure an employee to work for them. So if you are one of those who has hesitations about working at a nonprofit organization, allow me to explain some of the benefits you can get, along with the salary.
In a a recent Salary Report conducted for not for profits, we learn that these organizations are offering more exciting benefits than ever before to lure in employees. One of these is something that anybody can appreciate: flex time. Increasingly, many Non-Profit jobs are moving to four day workweeks year-round. This allows employees to have every other Friday off, which has the added benefit of keeping employees engaged and motivated. In addition, there are other non profit benefits that are attractive to prospective employees, like competitive retirement plans. According to the report, some organizations are going as far as to match 100% of the employee's pension contribution to their 401(b) plan. Other not for profits offer significant salary bonuses for employees who stay at the company for a specific amount of time. These types of retention plans are exactly the kind of things you need to consider when looking for a non profit job, so be sure to inquire about this information when going through the job search process.
Finally, a thing about that non profit salary. It's certainly true that non profits might lack the huge salary bonuses of for profit corporations, but that doesn't mean a non-profit job can't offer a competitive salary. In fact, a typical non profit salary can be just as much as one offered by a for-profit job. In a report on SimpyHired.com, they listed the average salary for a entry level non profit job as $42,000 dollars. And doing further research, I found out you can make as much as $100,000 or more with non profit executive jobs. So clearly, you won't be suffering for cash if you work at a nonprofit.
But at the end of the day, the benefits you get at a non profit might be what makes your mind up. So while applying, find out all the benefits you can get. You should then compare those to the other non profits (or for profits) offer you. Your final decision should hinge not only upon which is the best fit for you, but also which one gives you the best benefits and salary.
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