Tim's salary is $277,000 plus superannuation and long service. His total remuneration from World Vision Australia in 2013 was $316,000.
This is less than the CEO salaries of many similar sized charitable organisations in Australia. Tim has also overseen $112m growth in World Vision Australia’s income since becoming CEO, and each year he donates to World Vision all the gifts and fees (up to $150,000 in value) paid to him for speaking engagements.
Like all not-for-profit organisations, World Vision Australia is constantly balancing its need to attract and retain the best talent to ensure the effectiveness of our programs, and ultimately the impact on our mission to ensure millions of children throughout the world are given an opportunity for a fuller life.
World Vision's remuneration policy is approved by the Board of Directors and is based on job gradings provided by independent consultants Hay Group. Using job gradings we compare ourselves to organisations of a similar size, scope and complexity. For Tim Costello and all executives, remuneration is positioned in the 10th percentile of the general industrial market.