Helping Boards Set Pastoral Compensation
Helping Boards Set Pastoral Compensation
What church leaders should know about paying pastors.

When Steve Hoden first became pastor of Salem Covenant Church in Oakland, Nebraska, he had one request for the church board: take care of his family.

The church board knew the cost to live in the rural community. So Hoden trusted the board members to do the right thing when it came to setting his compensation. The church, he said, always did.

"We've never talked money for 14 years," said Hoden, who recently retired.

Now the church is looking for Hoden's successor. That includes figuring out how much to pay the new pastor. It's a complicated task. And the church can use all the help it can get, said Jim Goth, chairman of Salem Covenant.

"We're starting all over," he said. "I have no idea what the starting salary for a new pastor should be."

Many churches are in a similar position. Compensation setting is complex, and treasurers and other financial managers must walk alongside board members as they learn how to navigate these complexities. With that in mind, Church Finance Today asked several financial experts and church leaders for their insights into what boards and finance committees need to know about setting pay for pastors.

Log In For Full Access

Interested in becoming a member? Learn more.

Posted: October 13, 2017
View All
from our store
Nonprofit Financial Oversight

Nonprofit Financial Oversight

The concise and complete guide for boards and finance committees
Board Member Orientation

Board Member Orientation

The concise and complete guide to nonprofit board service
Smart Money for Church Salaries

Smart Money for Church Salaries

This resource takes you on a journey through real-life case studies to uncover compensation issues and navigate their solutions.
How Churches Spend Their Money: 2019 Executive Report

How Churches Spend Their Money: 2019 Executive Report

This report will give you an inside look at how churches nationwide spend their money.

ChurchSalary

ChurchSalary

Let ChurchSalary do the work. Get personalized compensation reports for staff and pastors.