Category: Budgeting

Does Compensation Keep a Nonprofit CEO?

5/8/2023

Nonprofit retention is a hot topic right now, and with good reason! Current nonprofit employment data tells us that voluntary turnover for nonprofit employees is at 19%, compared to a national average of 12% for the entire US labor market. And while this is across all levels of nonprofit employees, we have all witnessed that burnout at the top is especially prevalent.

An executive leader clicking on “Compensation” on a screen.

As a result, many organizations are beginning to seriously evaluate what kind of measures can reduce turnover among nonprofit executives.

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Reducing Nonprofit Turnover

2/15/2023

According to employment data from the National Council of Nonprofits, 34% of nonprofit organizations have a job vacancy rate of 10-19%, 26% have a vacancy rate of 20-29%, and 16% have a vacancy rate of 30% or higher. That means that less than a quarter of nonprofits have a job vacancy rate of under 10%, which is shocking considering how quickly nonprofits were creating and filling new jobs pre-pandemic. But these are not the only troubling nonprofit figures right now.

An employee packing up a box of office supplies after quitting.

Consider the following nonprofit employment statistics:

The voluntary turnover rate is 19% for nonprofits (compared to 12% across the entire US labor market).
Nonprofit leaders are disproportionately experiencing burnout, with 60% of them reporting that they feel “used up” at the end of the day.
Nonprofit employees across the entire organization are not faring much better, with 30% of them already reporting being burnt out and 20% more in danger of burning out soon.

In light of these sobering statistics, it is especially troubling that according to Forbes, a whopping 80% of nonprofit leaders report that they do not have a talent retention strategy in place.

Let’s take a look at how much this kind of turnover is costing your organization, why employees are deciding to leave, and what you can do to stop it!

Corporate Philanthropy: What is in Your Budget?

10/1/2019

As head of CFO Selections corporate philanthropy initiatives, the question I get most often, especially now at budget time, from other company executives is, “What is the right amount of money to budget for donations?”

Before answering this question, I usually ask,

 “What are you hoping to achieve with your corporate philanthropy?”

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THE LATEST FROM VALTAS

Does Compensation Keep a Nonprofit CEO?

Reducing Nonprofit Turnover

Corporate Philanthropy: What is in Your Budget?

Subscribe:

Ask Valtas!

Categories

Archives

Consulting Services

ExecutiveSearch Services

About

Contact

Consulting
Services

Executive
Search Services