Compensation Plan

Help Minnesota Housing Partnership learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Minnesota Housing Partnership
Saint Paul, MN, USA
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Minnesota Housing Partnership
Saint Paul, MN, USA

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Posted February 15th

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Project details

What we need
  • Review of job descriptions, pay structure, internal value, competitive market data, non-monetary rewards and benefits
  • Recommendations for updating staff compensation and incentive plans
What we have in place
  • We currently have job descriptions, salary bands, etc ready for review, which should make it easy for you to get started. We also have perf review form that needs update. Our Dir of Fin is avail, and the ability to provide any other information you need.
How this will help
This project will save us $6,746 , allowing us to invest in technology / system updates to finance and billing systems that are stuck in the past. This also provides an in-kind match to a grant to help us accomplish this.

After 27-yr founder, new ED is creating new org culture that is inclusive, builds trust, increases impact. Transparency and fairness in compensation is a critical part of that trust building and systems update needed. With three distinct lines of business, and only one needing to bill hourly w/hourly billing goals (and expert technical skills), a sense of imbalance and inequity overshadows other efforts to create effective, fair, policies, and build a whole team cohesiveness.

Project plan

P
Prep: Current Materials
  • Volunteer Manager provides Professional with an overview of current job descriptions, pay structures and compensation policies
1
Milestone 1: Research & Analysis
  • Professional connects with Volunteer Manager for a brainstorming session
  • Professional analyzes current job descriptions, pay structure, non-monetary rewards and benefits
  • Professional gathers information about competitive market data and internal value of positions
2
Milestone 2: Recommendations
  • Professional proposes recommendations for job descriptions, pay structures, compensation policies, and incentive plans
  • Volunteer Manager provides feedback to Professional’s proposals
3
Milestone 3: Compensation Plan
  • Professional delivers a compensation plan with updated job descriptions, pay structures, non-monetary rewards and other incentives
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About the org

Minnesota Housing Partnership
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Our mission

MHP strengthens development capacity and promotes systems change to expand opportunity, especially for those with the greatest need. We support, lead, and collaborate with a diversity of partners to stimluate innovate and drive positive impact in affordable housing and community development in Minnesota and beyond.

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