Retaining top talent has never been a greater challenge. After two years of pandemic, social unrest, economic uncertainty, and now a crisis in Ukraine, employees are facing burnout and seeking better work environments where their skills and time are valued. What can organizations do beyond offering higher salaries and better benefits? For many, the key may be to focus on organizational culture.
In our latest trends snapshot, we identify the five ways nonprofit employers are working to hold on to talented workers. Read it to find our analysis of trends including:
- Investing in a better culture. A good culture pays off. Nonprofit employees who are engaged and happy in their current employer are unlikely to leave unless they receive a 20% increase in salary.
- Foster work-life balance. Burnout is a top reason talent leaves nonprofits. Offering employees ways to recharge, like shortening the workweek without cutting pay, and offering paid sabbaticals are two ways nonprofit employers are promoting better balance.
- Remove obstacles to retaining people of color. Be candid with your applicants about your organization’s efforts to create a culture of diversity and inclusion.
- Be open and fair about compensation. Salary transparency helps employees feel like they are valued and being treated fairly.
- Meet reasonable demands. In a tight labor market, applicants often have the upperhand, so show you value them by providing flexibility.