PRM Study Finds Non-Profits Not Making Salary, HR Budget Changes
WASHINGTON, DC (NOVEMBER 2008)
– In a recently conducted survey of national non-profits, the majority of respondents said they have no plans to reduce salaries or make HR budget cuts, in spite of the economic downturn.
In the “mini-survey” conducted by PRM Consulting Group during November 2008, 70% of respondents said no pay changes are planned. Of the 30% of respondents who said they’re organizations are making pay changes due to the economy, salaries for top executives are taking the biggest hit. Survey respondents said executive salaries are being decreased by an average of 2.6%.
The survey also found that, of those organizations making pay plan changes, more than half (54%) are reducing employee payouts or suspending them entirely during 2009.
PRM surveyed 44 non-profit organizations nationwide to gather the results. Click here
for the full survey.
PRM Consulting Group Inc. is a full service management consulting and outsourcing firm specializing in people resource management. Our areas of expertise include compensation strategies, health & welfare benefits, retirement benefits, HR training, executive searches and communications.
PRM’s client base includes private sector/commercial companies, along with non-profit and public sector organizations who believe that people are the ultimate drivers of organizational success.
PRM Consulting Group was formed through combining the operations of PRM Consulting, Kennedy & Rand Consulting, Inc. and Jimmy Jones & Associates. The company is headquartered in Washington, DC, and has offices in Bethesda (Maryland), Morristown (New Jersey), Chicago, Dallas and Atlanta.