mission Matters How to Attract and Retain Talent in Today’s Nonprofit Labor Market November 13, 2023 Attracting and retaining talented staff has been a long-term problem for many nonprofit organizations. Today’s job market and economic conditions have only made this problem more prevalent. How are organizations coping? We explore here. 5 key areas to focus on It is important to build a complete package and an exciting mission driven culture. Our top 5 suggestions to help with this are below. 1. Compensation Nonprofits are often constrained by revenue sources and need to depend on contracts, but offering competitive compensation packages within the industry is essential. Conducting compensation reviews to ensure staff and candidates are receiving market value for their work is an excellent practice to ensure you are on par with your competitors. This helps to ensure that your staff are compensated to the best of your ability. 2. PTO, Healthcare and Benefits Think outside the box here. In today’s world there are endless benefits you can provide to your employees that can enrich their salaries and provide them a better quality of life. This includes: Tuition reimbursement and assistance plans Robust vacation and paid time off packagesStrong retirement programsHealthcare Self-care and wellness supportFlexible Hours and Remote Work 3. As of late, flexible hours and remote work options have become pivotal offerings to attract and retain high performance employees. Of course, not all roles are conducive to this. However, a the least your IT infrastructure should allow for employees to log on remotely for work that does not need to be done in person. Many employers are finding in today’s market that employees are willing to flex salary requirements in exchange for flexible work arrangements. 4. Professional Development and Training Today’s work environment stresses the importance of lifelong learning, and investing in professional development is attractive to many employees. Being open about how to advance and aiding employees in taking those steps is pivotal to retaining and developing talent. Employees want to have a clear advancement path in order to stay with your organization long-term. 5. Culture People want to work in a culture of empowerment and a place they feel comfortable and valued and that fosters positivity and encouragement. A nonprofit organization driven by empathy, engagement, and encouragement attracts qualified candidates. Empowered employees create positive results. Give your workers the chance to voice their needs and become leaders in their work responsibilities. Allow them to transform your organization by crafting their own work habits. Your environment should offer support without compromising your mission. We have the tools to help you implement many of these strategies. Please reach out to us to discuss.
