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Leadership

Trends In Staff Compensation

Is Your Church Easing The Financial Burden Of Your Team?

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Is Your Church Easing The Financial Burden Of Your Team?

According to research by Thom Rainer, only one eighth of pastors receive the benefit of a parsonage, and less than half of solo pastors receive any kind of health insurance. Among senior or lead pastors, only two-thirds receive health insurance benefits. However, some of those benefits are being cut. Among worship leaders, three quarters receive health insurance. Most full time church staff received no retirement benefits, including 44% of solo pastors and 64% of senior pastors.

Source: Thom Rainer

 

Why this matters for ministry leaders:

Ministry leaders face significant stress from the feeling of always being on call, and the decline of benefits combined with flat salaries can add a significant burden on their personal lives. 

 

  • Can pastors afford to live in your area? With the decline of parsonages or housing allowance each month, pastors could be in the lower income bracket for their communities based on salary alone. Review income and housing trends to make sure pastoral salaries are sustainable in your area. 

  • Do you have a health insurance alternative? Healthcare in America remains very expensive and can prove financially devastating for a family that isn’t covered or doesn’t have an adequate plan. If you aren’t able to provide adequate health insurance for your staff, review ways to provide a safety net for your staff. 

  • Financial management: Whether or not your church provides a retirement plan, are you helping your church staff plan for their future? Is it possible to add an annual meeting to discuss financial planning?

 

What are some ways you can provide benefits beyond salary to your church staff? 

 

Todd 

 

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Todd Rhoades

Todd Rhoades

Todd has invested over 30 years in serving churches, having served as a worship pastor for over 15 years, a church elder for more than a decade, and in various ministry leadership roles in both the business and non-profit sectors. As the original founder and developer of ChurchStaffing.com, Todd fundamentally changed the way thousands of churches search for pastors and staff on the internet. Todd is a graduate of Cedarville University, and lives in Bryan, OH with his wife, Dawn.

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