It’s not as simple as just deciding to hire people at lower rates of pay.
Cost cutting is a tricky game. When an organisation is not on a positive trajectory, cost cutting has a very high risk of re-enforcing the underlying problems.
That’s not to say cost cutting isn’t a worthy objective, but it needs to be carefully considered.
If you want a CEO with the right skills and connections you need to pay.
Sure, whereupon the CEO alone can receive an 8 figure compensation package. That is not at all an issue to the viability of a non-profit.
It’s not as simple as just deciding to hire people at lower rates of pay.
Cost cutting is a tricky game. When an organisation is not on a positive trajectory, cost cutting has a very high risk of re-enforcing the underlying problems.
That’s not to say cost cutting isn’t a worthy objective, but it needs to be carefully considered.
If you want a CEO with the right skills and connections you need to pay.