What does this mean for the broader Not for Profit Sector relative to other remuneration markets?

摘要

In recent years we have seen the Not for Profit market close the gap slightly against the broader General Market. It's important though, to appreciate how slight this reduction in distance is. In 2020 the overall average gap in median fixed remuneration between the Not for Profit Sector and the General Market decreased from 16.0% to 15.7%.That said, the practice has continued at a slightly increased rate. Overall General Market movements over the past year have generally been around 1.0%; possibly due to being more sensitive to the impact of COVID-19. With an overall movement of the Not for Profit Sector being 2.4%, there has been a minor 'catch-up' (albeit for mainly smaller-sized jobs). Specifically, the gap decreased from 15.7% to 15.1%.