Executive Compensation Consulting
For Nonprofit Organizations
The Millennium Group International, LLC (TMG) provides clients with comprehensive total rewards and compensation services – analysis, design, and implementation consultation. TMG is known for providing reliable executive compensation strategies for numerous nonprofit clients.
IRS regulations impose penalties when it determines that top officials in tax-exempt organizations have received excessive compensation from their organization. TMG assists not-for-profit organizations with complying with the regulations.
Update your compensation plan now, in order to attract and retain employees, improve morale, and control labor costs.
Benefits of an Updated Compensation Plan
- Attract and Retain Employees
- Improve Morale
- Control Labor Costs
- Pay the Going Rate
- Learn Pay Practices of Competitors
- Rewards for Doing a Great Job
- Promote a Career Ladder
- Keep Up With the Cost of Living
- Rewards for Longevity.
TMG sorts through the complexities of delivering projects by incorporating the following four essential principles:
The specific actions taken should “fit” within the total context of what is occurring in the organization, to include the following issues: connection to the organization’s mission clear linkage to operational objectives and consistency with organizational culture.
This initiative should produce results that are “user friendly,” meaning that the compensation structure should not be overly complex, cumbersome or time consuming to administer.
This initiative should be built on the foundation that successful human resource management is primarily a line management responsibility. The role of the internal HR staff is to provide the tools necessary to help line management fulfill this responsibility.
Objectivity and Fairness:
The compensation structure should be designed to ensure that decisions about these important issues are applied consistently within the organization. Employees may not agree with all elements of the plan, but they must view the program as fair.
The TMG Advantage
- Subject Matter Experts
- Customized Solutions For High Impact
- Experienced With Delivering Results
If you would like to learn about more about how we can improve your compensation program, contact us today. We’d love to hear from you!
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