WTOP: 5 ways nonprofits can…
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Wage growth remains at elevated levels, though it appears to have leveled off. According to the Economic Research Institute’s July 2023 National Compensation Forecast, the last four quarters saw a 4.95% increase. The previous peak was at 5.23% back in 2007. While wage growth has stabilized, various economic factors may continue to force employers to increase compensation to be able to attract and retain talent. Read the full story!
Seeking a nonprofit career opportunity? Check out our open executive and professional searches at mission-driven organizations nationwide!
In a world where talent is pivotal to organizational success, nonprofits stand at the nexus of unprecedented challenges in nurturing and retaining human capital. Our expansive study — drawing insights from over 300 participants in the 2023 Social Impact Talent Retention Practices Survey — unveils a clear blueprint for mastering talent retention in the progressive landscape of 2024 and beyond.
As use of Artificial Intelligence (AI) explodes across the nation’s business landscape, transforming various sectors, the nonprofit world finds itself at a crossroads. More than just a technological marvel, AI presents complex talent management and HR challenges. The workforce of tomorrow will not just coexist with AI; it will collaborate, innovate and evolve with it.
At Nonprofit HR, we recognize that the true essence of any organization, especially nonprofits, is its people. And as AI finds its footing across the social sector, our HR strategies and talent management paradigms must undergo a proactive overhaul.
Featured Youtube Video: We’ve Virtualized Our Workforce – Now What? Mini Case Study #1
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