More Young Professionals Jumping From Business to Nonprofit Sector
Nonprofit Human Resources experts are seeing a growing trend of young people in business schools and large corporations switching over to the nonprofit sector. Often, the skill sets obtained in the corporate world prove helpful in overcoming challenges in the nonprofit world- building business plans, conducting audits, developing detailed budget projections and analyses. Also, connections made in the business world are also very helpful as former business associates can become new sources of funding for the nonprofit’s mission. This trend is seen as beneficial to the nonprofit sector, as many organizations can not afford to train employees to the degree that large corporations can.
Policing the CEO is Board’s First Duty
Oversight of the chief executive should be the number one priority for nonprofit boards, according to Paul S. Grogan, president of the Boston Foundation. This is especially true in light of nonprofits, in most cases, being dependent on the strength of their reputations, as they don’t have access to capital markets. While a corporate board must act to protect the interest of the shareholders, the nonprofit board must work to ensure the mission of the organization is carried out and not inhibited by financial or ethical malpractice.
White Paper Predicts Need for 640,000 New Leaders by 2016; Commentaries Offer Perspectives From Within, Outside Sector
U.S. nonprofits, in order to respond to increased workloads for building a well-functioning society, will need to develop 640,000 leaders over the next decade, 2.4 times the number currently employed, according to a new study issued by the Bridgespan Group, a management strategy nonprofit organization. The reasons for the leadership deficit are many and the solutions suggested are strategies that the Council for Nonprofit Innovation wholeheartedly supports- investing in leadership capacity and incorporating recruitment and retention innovations such as reaching out to new potential leadership areas.
Charities' Next Mission: Finding New Leaders
Following national trends, San Diego County's nonprofit community is facing a leadership crisis. Executive directors across the country are leaving their positions for retirement or more lucrative roles. Transition and succession planning has been overlooked in a majority of these organizations, leaving their Boards with little direction. Boards must be at the forefront in ensuring their nonprofit's future.
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