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

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. 

Read more ➝