Every organization strives to hire the ideal employee, but the true test comes only after they start working. Finding the right people means identifying those passionate about your mission.
Employee Retention and Hiring Strategies
Whether you are ready to add to your team, or you want to keep your current employees happy, consider the following strategies.
Donors and Volunteers: Getting the Right People
A valuable resource is your list of donors and volunteers. Some may be seeking new career opportunities, and their commitment to your cause shows they have the passion you're looking for. Whether you need full or part-time help, this can be an excellent starting point.
Utilizing Agencies
Searching for candidates can be time-consuming and overwhelming, especially with the myriad responsibilities of a nonprofit executive. Staffing agencies can help by identifying and vetting candidates who meet your criteria.
Keep in mind that agencies charge fees, so you must weigh the cost against the time and resources you’d spend doing it in-house to decide which is best for your organization.
Turn to Remote Workers to Widen Your Reach
The rise of remote work has become a permanent fixture in the nonprofit sector. Remote workers allow you to expand your search beyond your local area, letting you find the best talent from across the country or even globally.
Hire Part-Time Staff
Hiring full-time staff can be costly, considering salaries and benefits. This can make organizations hesitant to hire even when they're understaffed.
Part-time employees offer a flexible solution, allowing you to control payroll costs better and potentially save on benefits. This approach can help address staffing shortages without the higher costs of full-time employees.
Align Salary Ranges With For-Profit Entities
Nonprofits often struggle to match the salaries offered by for-profit organizations, making it hard to attract and retain top talent.
To stay competitive, look for ways to reallocate funds within your organization to offer more competitive compensation packages. Investing in qualified employees will help your organization grow and operate efficiently.
Utilize Outsourced Accounting
Managing daily operations while keeping up with back-office duties like payroll and accounting can be challenging for nonprofit executives. If hiring a full-time accountant isn't feasible, consider outsourced accounting services.
These services allow you to work with external firms to handle your accounting needs, saving you time and reducing stress.
Attract and Retain Talent
By exploring these strategies—tapping into your existing network, utilizing staffing agencies, embracing remote work, hiring part-time staff, aligning salary ranges, and outsourcing accounting—your nonprofit can attract and retain the right people to help fulfill your mission and drive your organization forward.
© 2024 SVA Certified Public Accountants