The particular
crosses that the social enterprise industry bears include low salaries. A
recent survey conducted on 20 UK-based social entrepreneurs revealed
astonishing results. Among them, 5 did not take a salary and those who did only
take a few thousand payrolls annually.
Craig Dearden
Phillips, a successful social entrepreneur remarked, “Low wages at first are
normal, but that this situation shouldn’t go on for too long.” I concur with
this considering that social enterprise a business form on its own may not earn
sufficient to cover cost initially like any other start-up businesses. Social
entrepreneurs may get a pay cut initially however should not be distinguished
from private businesses distinctly gradually. The role CEO of social
enterprises play and their responsibilities are in fact on par with those in
the private sector. Besides the opportunity to make a difference, they surely
deserve to be paid at the market rate when the social business settles down.
Financial security is needed in order for social entrepreneurs to support themselves and further
advance their endeavors to tackle various world complex issues. “If social
entrepreneurs are doing a good job, they should not “devalue” themselves and be
rewarded with market rate,” asserted also Ceri Jones, the head of policy at the
Social Enterprise Coalition.
Furthermore,
social entrepreneurs face a multitude of challenges and that include obtaining
little favor and financial support from prospect investors. Often, they resort
to leveraging personal and social equity to carry out their works and offer
competitive pay to talented employees. Taking this into account, it is often
unfair to still restrict a social entrepreneur salary. They should be paid
justly, nevertheless note not to mimic inflated salaries of most private
company CEOs which will potentially enlarge the wage gap between CEOs and
employees create a more unequal society.
Today, on the
other hand, for most generation Y individuals, having a career aligned with
their values to make a difference matters much more than the amount of salary
they received. Ideal salary is not an issue for most social entrepreneurs. It
may be painful but not pointless as they do good. Ultimately, to them, the
greatest reward is not a high payroll but seeing the faces and happy smiles of
those impacted by the time and effort they sowed.
Reference:
Cahalane, C. (2012). Salary
and social enterprise: what should entrepreneurs get paid? Retrieved
August 5, 2012, from https://socialenterprise.guardian.co.uk/social-enterprise-network/2011/jan/17/salary-and-social-enterprise



