Non-profit organizations could be hard hit by talent shortages exacerbated by the large cohort of baby boomers soon entering the retirement years, but there will be opportunities as well, according to an upcoming report from The Conference Board, the global research and business membership organization.
"While growth in the nonprofit sector is outpacing growth in the rest of the economy, talent shortages are already affecting critical service sectors, including healthcare and social services, in which nonprofits are heavily represented," says Jill Casner-Lotto, author of the report for The Conference Board. "Also, widespread executive-level and leadership skill shortages currently affecting many nonprofits are predicted to get much worse as the sector expands and experienced executives retire."
Non-profits have not invested significantly in their human resource management, putting their limited resources instead toward their mission. In addition, many funders restrict their support to specific programs or services as opposed to broader human resource development. This under-investment in managing talent has led to some of the challenges non-profits now face in terms of staffing, leadership, and succession.
See full Press Release.
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