Resist Trying to Time The Market
If you're looking to make a long-term hire, what's the point of trying to time the market? We have seen too many employers delay key hires, simply because they are waiting for an economic downturn in hopes that salary demands will recede. The reality is that amazing senior leaders for nonprofits are always in short supply. Moreover, going salaries in the open job market almost always increase faster than average annual salary increases. Think of making a permanent hire like signing a long-term mortgage: there may be some initial pain in the first year, but thereafter the deal you inked will only get better with each year that passes.