Salary Increase Budgets Jump for Nonprofits
This article originally appeared in BDO USA, LLP’s “Nonprofit Standard” Blog (April 22, 2022).
In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary budgets. For the last decade, budgets for merit increases have hovered around 3%. Now, salary increase budgets are on the rise to levels not seen in years.
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