The economy is slowly recovering, and some organizations are already experiencing or an increase in turnover. Nonprofits face particular challenges in retaining top employees. However, a tight budget doesn’t have to translate into high turnover.
There are many ways to keep top talent motivated beyond competitive compensation. Organizations can establish recognition programs, offer appropriate incentives, and improve benefits communication.
Learn practical strategies for setting up a total rewards framework that will help you keep top talent engaged and satisfied while furthering your organization’s mission and overarching strategic goals.
BLR’s Compensation for Nonprofits webinar will discuss how nonprofits can to retain top performers with a cost-effective total rewards strategy. The April 28 webinar will discuss:
- How to develop a robust performance appraisal mechanism that identifies top talent in your organization
- When offering incentives can be an important part of your total rewards strategy - countering the common misconception that incentives aren’t appropriate in a nonprofit setting
- Examples of the types of low- and no-cost rewards and recognition programs that work effectively in a nonprofit setting
- Which rewards should be performance-driven, based on pre-established goals, and which should be discretionary - and why the distinction matters
- How to link your rewards structure to your organization’s mission and strategic plans for the future
- Communication strategies for selling your rewards program to management, staff, and your board of directors
- Guidelines for helping you determine if your current rewards system is in need of tweaking or a major overhaul - and tips for getting started in making these changes
For more information on this Compensation for Nonprofits webinar, or other compensation webinars, visit the BLR's online catalog.
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