Employers in all sectors are facing a tight job market. Posted positions may remain empty for months, and some employees seem to have few qualms about jumping ship, due in part to changes in worker expectations. But the situation doesn’t have to be dire for savvy nonprofits willing to adapt to the current circumstances.
The so-called Great Resignation has seen millions of people voluntarily leave their jobs, presumably for greener pastures. According to the U.S. Bureau of Labor Statistics, the “quit rate” hit record highs in November and December 2021, at 3% of total employment — about 4.4 million individuals per month. The number has since fallen but not by much: The 2.7% quit rate in July 2022 translated to about 4.2 million individuals.
In other words, many talented people have been looking for new positions. The promising news for nonprofits is that a number of these individuals, especially younger workers, left their prior jobs because they crave work that’s more meaningful to them. Nonprofits — with their mission-based focus — have a natural competitive advantage in this area.
Your nonprofit can be proactive about leveraging this advantage. Here’s how:
The changing labor landscape has many employers scrambling, but it could work out to your advantage. Recognizing the signals employees are sending and responding appropriately could help you attract high-quality employees whose values align with those of your organization.
This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
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