We’re hosting a webinar in response to an important issue.
The National Association of Evangelicals (NAE) conducted a 2015 survey of more than 4,000 pastors nationwide in which the dire state of pastors’ finances was quantified. Key among the findings were the stresses of compensation on ministry.
Half of all pastors make less than $50,000 per year with 3 in 10 having an average student loan burden of $36,000. More than 85 percent of pastors said they received no financial training from seminary, likely contributing to a sense of not knowing what makes adequate compensation or perhaps how to set it.
The study shows 9 in 10 pastors “feel some level of financial stress in their family and church work,” while nearly 1 in 3 (31%) said they worked a second job “to help make ends meet.”
Of course, we all know that virtually no one goes into ministry “for the money.” Instead, it’s a vocation proudly centered on service and calling—as it should be. But what many don’t realize is that financial stress significantly affects both ministry effectiveness and ministers feeling equipped to stay in ministry. According to NAE’s research, 3 in 4 pastors “know other pastors who left the ministry due to financial pressures.” That’s bad news for the future of the church.
But the good news is that fair compensation can help—and understanding it isn’t nearly as complicated as many ministers and church leaders fear.
We launched ChurchSalary, a compensation-setting website designed specifically for the church, and we’re hosting a webinar to help church leaders and church workers know Six Key Elements to Setting Church Compensation with ChurchSalary. There’s hope for navigating compensation in the church, and we believe when compensation is given in a culture of fairness and generosity, ministry flourishes.
Join our webinar on Wednesday, June 13, at 11am Central to learn these six key elements you need to address in church compensation based on our new ChurchSalary tool. There’s hope for navigating these issues—and releasing better ministry as a result!
Samuel Ogles is associate editor and special project manager for Church Law & Tax. He is the project leader for ChurchSalary.
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