Is nonprofit compensation competitive?

By Mike Switzer

Published December 2, 2022 at 5:30 AM EST

We’ve all heard about the tight labor market and the resulting wage inflation that has occurred over the past few years. Now we’re hearing about layoffs, especially in the tech industry. Our next guest’s organization recently completed a compensation study for her sector in which nearly 500 nonprofit organizations participated. Mike Switzer interviews Mary Dell Hayes with Together SC in Columbia, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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