Using the Whole Whale - A Nonprofit Podcast

278: (news) Nonprofits Salary Struggles & Franklin A. Thomas Legacy

January 4, 2022

Nonprofit News summary.

 

 

Nonprofits Struggle To Compete With For-Profit Businesses For Staff

Amid rising inflation, rising wages, decreased unemployment, and the so-called “great resignation,” nonprofit organizations are struggling to maintain and hire staff, according to reporting from The New York Times. While for-profit businesses lost more jobs during the pandemic, the nonprofit sector has struggled more to rehire, according to recent data. Total nonprofit employment was 4.8% below pre-pandemic levels, compared with for-profit companies that see just a 1.5% gap. Amid higher costs of living and other external factors, nonprofits are often struggling to offer wages to maintain or rehire staff, due largely to fixed and limited financial resources. 

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