In addition to what is listed here, we would like to understand if there are best practices in terms of comparing top paid staff wages against our lowest paid staff. Additionally, we have established ranges for different positions (admin, administrators, managers, directors and VPs) and would like to evaluate these ranges, how distinct they should or shouldn't be and then develop clear criteria for advancing individuals into manager and director roles.
Our organization is growing and we are approaching $100M in total assets. We have never had an external compensation evaluation completed. We have a focus on diversity, equity and inclusion and we want to be sure our compensation plan reflects these values.
The Initiative Foundation works daily to strengthen the economy and communities of Central Minnesota:
Through loans and financing, we invest in businesses that create quality jobs.
Through grants and programs, we invest in organizations that make our economy strong. Through donor services and charitable funds, we help people invest in their communities.
We believe that local people have the greatest sum of initiative, knowledge and relationships to achieve a brighter future.
A single gift to the Initiative Foundation strengthens the communities, economy and philanthropy in Central Minnesota. Every gift of $1 returns an average of $4.50 in Foundation grants, business loans and scholarships back to the region.