Hiring the CEO is an important responsibility of the board. The board creates a selection committee comprised of current and past board members as well as key community members. Some chambers have the financial resources to engage a professional search firm to assist them in this process, whereas others choose to conduct the search on their own.
Participate in ACCE's Salary and Benefits Survey by entering your chamber's data in Dynamic Chamber Benchmarking. DCB allows you to:
Purchase the Chamber Salary and Benefits Survey Report, which provides information from 330 member chambers on personnel expenses, CEO salaries and compensation packages, salaries for non-CEO staff in various disciplines, and membership sales staff compensation with commissions. Data gathered by participating members is kept confidential. The report is free for ACCE Horizon Investors and All ACCEss Pass members.
Boards typically conduct an assessment of the CEO annually. The assessment is based heavily on job description and agreed-upon goals and frequently is tied to salary increases.
Top Trends and Traps in Nonprofit Executive Compensation - Webinar presented by Venable LLP & Guidestar (June 4, 2015)