Compensation is So Much More Than Just Your Paycheck
What’s the first thing that comes to mind when you think about compensation? It’s probably salary. But more often than not, compensation is a package that includes your salary plus a housing allowance and employer-paid income tax offsets, like Social Security and Medicare and more.
For many, there’s also benefits to consider. For instance, health insurance, a retirement plan and reimbursement for ministry-related expenses are all things that may make up part of the package.
Most importantly, a strong compensation package frees you from financial anxiety so you can focus on your ministry. It takes your mind off current or future financial needs so you can be there for those who need you most
Ministers devote their lives to matters of faith, but dealing with salaries and benefits packages may not be their area of expertise. Church trustees review and make decisions about the staff’s compensation. Talking about money can be a difficult conversation for anyone, but it can be even harder for people who serve God. Our Guide to Negotiating Pastor Compensation makes those conversations easier. This publication is for churches, ministers, chaplains, pastoral counselors and those in other forms of ordained ministry.Download Here