[PODCAST] Nonprofit Compensation: How to Compete with the For-Profit Sector

Nonprofit Compensation: How to Compete with the For-Profit Sector

In this enlightening episode of Nonprofit Hub Radio, host Delaney Mullennix speaks with Nanci Hibschman, the managing principal at C3 Nonprofit Consulting Group. They delve into the critical issue of nonprofit compensation, a subject of increasing relevance as nonprofits grapple with retaining high-quality personnel in competition with the for-profit sector.

Nanci argues that offering a thriving wage, not just a surviving one, is key to attracting and retaining top talent. She explains how a fair and competitive salary positively influences the well-being of employees. Moreover, she advises nonprofit leaders to think creatively about total compensation packages. She suggests they include benefits such as flexible work hours, professional development, and wellness programs. Also, Nanci candidly discusses common obstacles nonprofit leaders face, particularly in implementing effective compensation programs.

According to Nanci, the good news is that nonprofits can compete with for-profits on employee compensation and retention, thereby purposefully living out their missions. With strategic planning, nonprofits can overcome compensation challenges. This episode is a must-listen for nonprofit leaders seeking insight into innovative compensation strategies.

Nanci Hibschman, managing principal and division leader with C3 Nonprofit Consulting Group

Nanci Hibschman is a managing principal and division leader of C3 Nonprofit Consulting Group.

With over 25 years in the field, Nanci exclusively advises on compensation and performance strategies for the nonprofit sector. As an author and expert in nonprofit people and culture solutions,

Nanci is an organizer and speaker for various tax law and other conferences across the country.

Prior to joining C3 Nonprofit Consulting Group at SullivanCotter, she was a partner at a global human resources consulting firm, leading the tax-exempt organization practice.

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Shout out to our friends at Lasso for making today’s episode possible!

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Delaney Mullennix, MPA

Delaney joined the Nonprofit Hub team in 2021, leading strategic partnerships, and now serves as the Executive Director. She helps to manage and sustain the organization's growing national presence, modern partnership profile, and highly trafficked educational media platform. Delaney plays a major role in curating and creating educational content with a network of innovative nonprofit service, product providers, and professionals that empower organizations to go from good to growth. Delaney got her master's degree in nonprofit management and administration from Grand Valley State University, where she served on the executive board of the Nonprofit Professionals Graduate Student Organization. She's an alumna of Michigan DECA and serves as a competitive event judge to help evaluate high school students' marketing and management skills. You can find her jet-setting to a new place in her free time, volunteering for a good cause, and exploring the great outdoors.

July 14, 2023

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