Compensation discussion with a recruiter
Compensation discussion with a recruiter
My spouse has been approached by a headhunter for an Executive Director position. The position is currently open. They have an initial meeting shortly.
Since this is a non-profit, we are able to see last year's salaries for all executive positions. Since the ED position was vacant (there was an interim) the highest paid current employee (VP of Development) last year made about $244k. The position below that is about $191k.
If it comes up with the recruiter (i.e. she is asked what her salary requirement is) should she answer, and if so what's reasonable? An alternative would be to wait until she's gone through a few interviews so she can learn more of what the job entails. The position reports to a Board of Directors.
I was going to suggest $260k.
Thoughts?
Since this is a non-profit, we are able to see last year's salaries for all executive positions. Since the ED position was vacant (there was an interim) the highest paid current employee (VP of Development) last year made about $244k. The position below that is about $191k.
If it comes up with the recruiter (i.e. she is asked what her salary requirement is) should she answer, and if so what's reasonable? An alternative would be to wait until she's gone through a few interviews so she can learn more of what the job entails. The position reports to a Board of Directors.
I was going to suggest $260k.
Thoughts?
Re: Compensation discussion with a recruiter
Wouldn't the VP manager the Exec Dir?
Re: Compensation discussion with a recruiter
If you're saying that you can see salaries for all exec positions, can't you then see salaries for similarly situated non-profits and look at those ED comps to have a sense of what is reasonable?
Re: Compensation discussion with a recruiter
IN that case I would go 275-280 if you think you can justify it. 15% more than direct reports seems about right
Re: Compensation discussion with a recruiter
We could, but those would be in other cities, so it's not going to be apples to apple. For some perspective, the budget is about $16m and assets are about $50m.
Re: Compensation discussion with a recruiter
do some online research and pull up the previous year's Form 990....
Fundraising is a key part of the ED role. if the VP of Dev is making $244k, I'd ask at least 20% higher, if not 30%.
Fundraising is a key part of the ED role. if the VP of Dev is making $244k, I'd ask at least 20% higher, if not 30%.
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Re: Compensation discussion with a recruiter
Look at the Form 990 for years when the old ED was still there.
Re: Compensation discussion with a recruiter
Yeah we did that but for some reason the last listing is 3 years old. Salary was around $200k at that time.GreendaleCC wrote: ↑Wed Mar 22, 2023 2:49 pm Look at the Form 990 for years when the old ED was still there.
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Re: Compensation discussion with a recruiter
I think you should be looking at around $300k+. You want to be at least 20-30% above your VP direct report.
Re: Compensation discussion with a recruiter
Thanks all for the suggestions.
One more question: do recruiters generally recommend to the candidate a salary to ask for? Or do they simply ask for a salary requirement? (I realize they are compensated based on the final salary so it's perhaps in their best interest to push for a big number, but by the same token they don't want to waste the employer's time.)
One more question: do recruiters generally recommend to the candidate a salary to ask for? Or do they simply ask for a salary requirement? (I realize they are compensated based on the final salary so it's perhaps in their best interest to push for a big number, but by the same token they don't want to waste the employer's time.)
Re: Compensation discussion with a recruiter
It's like a realtor... The key thing is getting the sale, exact sales price doesn't move the bar significantly. I'd say similarly with a recruiter, the key thing is the sale (hire). Salary high enough to attract good candidates but low enough to meet business needs. It's a balancing act.Admiral wrote: ↑Wed Mar 22, 2023 4:00 pm Thanks all for the suggestions.
One more question: do recruiters generally recommend to the candidate a salary to ask for? Or do they simply ask for a salary requirement? (I realize they are compensated based on the final salary so it's perhaps in their best interest to push for a big number, but by the same token they don't want to waste the employer's time.)