Non-profits Need to Develop Talent
June 4th, 2007A preliminary report issued by the Conference Board has found that non-profits – whose growth is currently outpacing the rest of the economy – will likely be hit hard by the talent shortage just when it needs talent the most.
The demographic of the retiring baby-boomers affects almost all sectors, but executive-level and leadership skill shortages are already disproportionately affecting service sectors such as healthcare and social services. As non-profits grow, there are fewer skilled people to step up to the plate.
The Conference Board report suggests that non-profits need to invest more than they have in human resource management, and in developing younger leaders.
We would add that in addition to internal professional development, non-profits also need tools to identify talent from the start – and to employ effective strategies to retain the talent that they have developed.
