NONPROFIT SECTOR GROWING FASTER THAN FOR-PROFIT

By February 8, 2016Blog

The nonprofit sector has grown by 20% over the last 10 years in contrast to a growth rate of about 2-3% in the for-profit sector, according to a new report published by PNP Staffing Group (PNP). 

The firm’s Nonprofit Salaries & Staffing Report found that more than 50% of the survey respondents reported staff increases, and employee transfers from the for-profit sector are also on the rise as workers look to nonprofits as a favored place for the next job or to renew a career.

According to PNP, employer demand levels have remained consistently high as employment needs increase. The survey seems to indicate that the principle challenge and concern for nonprofits and associations, heading into 2016, is the overriding issue of talent management.

As the talent marketplace continues to shrink, finding the right employees will become more difficult. PNP Staffing Group CEO, Gayle Brandel, said, “Nonprofits need to create an effective organizational recruitment strategy that spreads a wide net and attracts hidden talent in the marketplace.”

The positive trends reported by PNP’s have been consistent with their findings over the past three years. Some of the key numbers being reported nationally are:

  • The nonprofit sector has grown by 20% over the last 10 years as, in contrast, the for-profit sector has grown by about 2-3%.
  • Many organizations are expanding and planning for future growth over the next decade.
  • Hiring in the nonprofit sector continues to grow and the number of staff has increased in more than 50% of the nonprofits.
  • Employee transitions from the for-profit sector continue to increase as nonprofits become a favored environment to work in or renew a career.
  • Financial and public support for nonprofits is at an all-time high.
  • There is more investment in innovative programs than ever before.
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