SCBA Leadership Podcast Episode #83--THE MINISTRY MINUTE on Minister Salary Package & Annual Pay Increases

On The Ministry Minute, shorter episodes on the SCBA Leadership Podcast, we talk about the minister's salary package and annual pay increases. The idea for this topic came from a FaceBook post by DOM Matt Singleton after reading that the income needed to purchase a typical U.S. home has increased by 79% in just 5 years ...

 

"It is a shocking statistic even though personal experience tells me it's not too far off. So, I did a quick search on 3 AI/LLM search engines and they all said the statement is accurate. Churches hoping to call a new minister will need to take this into consideration. Even if you have a parsonage, you want to pay your minister enough to eventually afford a home down the road. This may also mean some churches who have traditionally had a full-time minister will need to move to offering a strong bi-vocational pay package. Another surprising number: COLA (Cost of Living Adjustment) for the past 5 years is 21.6%. If your staff salaries have not increased by that amount since 2020 then you've effectively given your minister a pay decrease."