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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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The Chronicle of Philanthropy will launch a new podcast that spotlights effective nonprofit leadership."Nonprofits Now: Leading Today" is available for free on Apple Podcasts, Spotify, and other...more
On September 22, 2024, the United Nations' 193 Member States adopted a Pact for the Future.The objectives of the compact include: (i) closing digital divides, (ii) inclusion in the digital economy,...more
House Bill 1101 would make access to state funding more equitable by giving portion of money at start, easing cash-flow problems for some nonprofits.The bill would require at least a 35% upfront...more
ABC Impact's 2024 Impact Review highlights the firm's continued growth and strategic focus across sectors vital to Asia's sustainable development.The firm remains committed to deploying capital into...more
Impact in listed equities can deliver competitive returns, report says.Report by Schroders and the Said Business School.Findings challenge the assumption that purpose-driven investing requires...more
Alan Hooks, Head of Private Clients at Julius Baer International, and Sam Smith, entrepreneur, NED, offer insights into the hurdles women face in managing their wealth.Balancing the demands of...more
New Hope Noodles is a social enterprise run by brothers Jimmy Loh and Edward Loh.The stall sells wanton noodle soup and dry wanton noodles for S$4.50.Jimmy and Edward have been running the stall for...more
The entrepreneurial journey appealed to him as a space where innovation meets impact.His academic background in property studies and entrepreneurship, paired with his experience managing high-value...more
New Hope Noodles is a social enterprise run by brothers Jimmy Loh and Edward Loh.The stall sells wanton noodle soup and dry wanton noodles for S$4.50.Jimmy and Edward have been running the stall for...more
Social Entrepreneurship
Spotlight
Energy Giants Go Public on Carbon Pollution Pricing Strategies
Some of the biggest public companies in the United States, including Wal-Mart, Walt Disney Co., Microsoft, have adopted carbon pollution pricing strategies.