Recipe for success – Attracting nonprofit execs with creative compensation mixes

Description

Abstract: The IRS’s reasonable compensation rule sometimes may seem like an obstacle to attracting and retaining qualified and effective nonprofit executives. But creative compensation packages can help. This article suggests offering executives, in addition to salary, retirement-related benefits such as a 457(b) plan, performance-based bonuses and work/life balance perks like telecommuting and flexible schedules. A sidebar takes up the question, “Should you pay board members?”