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Compensation Plan

Help Jefferson East learn how to attract and retain talented employees with a compensation plan that is in keeping with marketplace trends and financially feasible.
Jefferson East
Detroit, MI, USA
Jefferson East
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Jefferson East
Detroit, MI, USA

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Cause
Community & economic development
Skills
Human resources Organizational design

Posted April 10th

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Compensation Plan

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
Additional details

The main goals of this project include the following:

- Reviewing employee compensation to ensure its competitive with the market. This includes existing employees and 4 future positions that will be posted in the short term future.

- Review non-monetary rewards offering which includes potential company and project equity offerings in addition to 401(k)matching.

- Review employee bonus plan incentives including executive compensation

What we have in place
  • We currently have job descriptions, payroll and current benefit plan documents, which should make it easy for you to get started. We also have a legal memo for with options for equity compensation plans, and the ability to provide any other information you need.
How this will help
This project will save us $1,120 , allowing us to prioritize those funds in community development projects.

This project will help our organization recruit and retain talent to continue to do Inclusive Neighborhood Development. Retention is a major challenge with Community Development Organizations and we're seeking to build a sustainable organization where we've recruited some exceptional talent and would like to ensure we can continue to remain competitive with the market.

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

Jefferson East
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Cause
Community & economic development
Posted by
Derric S
Derric S.

CEO

Our mission

-- to create inclusive neighborhood development, where Detroiters have direct
involvement in guiding development projects that strengthen and
preserve the values of their neighborhood. As a wholly-owned subsidiary of JEI, EJDevCo engages in real estate development activities to expand sources of revenue and capital that support and further JEI's charitable activities.

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