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"Too often, though, nonprofits' compensation packages are too weak to convince highly skilled individuals to leap.
But what if nonprofits could compete with government and private sectors to recruit and retain top talent with resources nonprofits are uniquely positioned to offer?" That's the idea behind an op-ed published Tuesday in the Los Angeles Times by Brad DeLong, president and CEO of the Bill and Melinda Gates Foundation.
DeLong offers three ways nonprofits can compete more effectively with government and private sectors: Four-day workweeks, coaching and mentorship, and employment contracts.
"Not only are most employers as productive or more productive than before, but the change has also helped them recruit and retain talent," writes DeLong.
"I implemented the four-day workweek at a national climate change organization in 2022 with great success," and "the organization maintained its impact while improving the employees' quality of life."
Coaching and mentorship can be expensive but can bring down the cost by using economies of scale to provide coaching to all grantees who want access.
employment contracts, which protect workers from being fired without cause and for other abrupt changes to the employees' responsibilities.
"It is in everyone's interest that the organization judge employees on merit and that people can focus on the mission instead of
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.