Can Your Employees Afford to Stay?

We may say that our organization values equity, inclusion, and our mission. But many of us still pay wages that leave employees struggling to cover basic necessities. That contradiction is not just an HR issue, it's a problem with our strategy. In this episode, I examine why nonprofits are losing the competition for talent, why the nonprofit down the street is not your primary competitor for talent, and how employers in retail and hospitality are changing employee expectations. I also share how we as executive directors can begin building a thriving wage strategy. This episode answers the following questions: Why is my staff turnover so high? When I need to do a compensation or wage analysis, which employers should I compare wages to? How can my nonprofit raise wages without going broke? How do I develop a thriving wage strategy? How can greater efficiency help fund better compensation?