The nonprofit sector is an important economic driver. According to the Nonprofit Partnership, nearly 2 million nonprofit organizations employ 10.7 million employees; just over 10 percent of the United State’s private workforce. And yet, for many nonprofit organizations, recruiting and retaining talent is a big challenge.
According to a survey by Nonprofit HR, over half of nonprofits report they do not have a formal recruitment strategy, a third of nonprofits say hiring is the biggest staffing challenges they face, and a quarter of nonprofits say their biggest retention challenge is the inability to pay competitive wages. Even the smallest nonprofits benefit from having a formal, documented employee retention strategy. After all, the cost of losing employees is high to both the budget and organizational morale.
So, whether you need a formal retention program, or you simply need a tune-up, here are 14 simple employee retention strategies to help.
