U.K. Charities More Likely Than Firms to Freeze Pay but Are Giving Bigger Raises
September 19, 2011 | Read Time: 1 minute
British charities have been more likely to impose wage freezes than businesses in recent months but are offering slightly bigger raises when they do increase pay, writes Third Sector Online.
An April survey of 268 nonprofit organizations found that 16 percent had frozen salaries in the previous six months, up slightly from a year earlier, but that the average increase among charities was 2.5 percent. On the for-profit side, 14 percent of companies had locked pay and the average increase was 2.2 percent.
Chief executives at the surveyed charities were paid about $117,000 on average, 18 percent less than their business counterparts, but the gap was much narrower at lower levels of management.
From The Chronicle’s new issue: Read an article about the pay prospects for U.S. nonprofit CEO’s in the coming year.