More than Retention
Date: Thursday, February 22, 2018
Time: 10:00 am – 11:30 am
We all speak of employees as a significant resource of organizations. Without these assets the organization would have a harder time in fulfilling the mission and making a positive impact on the community. Retention of qualified employees is a challenge for nonprofit agencies. Every year nonprofits go through a “nonprofit shuffle” that seems to pickup in motion, effecting many organizations. It only take one person to make a move and the “nonprofit shuffle” starts. In-other-words employees start shuffling from organization to organization or leave the nonprofit business for a for-profit business. As leaders we also understand that this will happen, but can we as leaders make some changes that will change the trend?
- Barriers to retention: Low wages, low financial resources and high stress
- Turnover cost: organization lost, staff morale, client services
Employee turnover is an extraordinarily costly expense that is often underestimated and underrepresented. Many of us have experienced the time consuming process and significant cost of replacing employees. Hopefully, all of us understand the resources we use to train and maintain our employees. The question is whether behavior, policies, and procedures are consistent with this stance. There is a plethora of research and theories about humans. How do we translate this material into useful information that informs our behavior?
To attract and keep qualified employees, nonprofits must develop new methods and incentives.
Suggestion for retaining staff members
- Improve Human Resource Practices
- Identifies alternatives to raising salaries.
- Find Ways to Develop Staff
- Support and Mentor Employees
- Offer Flexible Work Schedules and Other Benefits
- Minimizes employee burnout.
- Use Volunteers
ASC is a Professor of Business at Newman University. She has studied the trends in business for over 35 years. In addition to her instruction of future business leaders she has actively participated in a number of nonprofit boards. She also is a published author and has written about ethical challenges, service and social actions and investments just to name a few of the areas of her expertise. She is a sought after speaker outside of the university and has spoken to a variety of audiences across the United States.