[Innovation Series: Revisited] Talent Acquisition and Retention
Only a few months ago, Patton McDowell & Associates presented findings from our Innovation Report on talent acquisition and retention. With the approach of summer, this information has become even more relevant as many nonprofit professionals are making transitions in markets across the world. Why does good talent leave an organization? In this introductory blog post, PMA discusses the changing expectations of nonprofit professionals in this space.
According to Penelope Burke, president of Cygnus Applied Research, the average time spent by fundraisers in positions with nonprofits is just 16 months. Factor in four months of training on the front end and three months of disengagement toward the end of the tenure as the individual job hunts, that leaves just nine months of high-level productivity on average. It is a wonder that nonprofits are able to maintain donor relationships at all given its broken system of employee retention. Keep The Talent You Have highlights findings from nearly 100 Development Directors, Executive Directors and Board Chairs and provides ways to keep key talent.
While every organization needs to invest in its talent, every nonprofit professional needs to lead the way in creating personal opportunities for growth. Firm President Patton McDowell shared his insights back in April 2013 around professional development for nonprofit professionals. In President’s Corner: Creating Your Personal Board, Patton gives his personal insights on enhancing professional development with a personal board of directors.
What happens when key talent leaves and you are left holding the bag? PMA has provided several blog posts to help you in this process:
- Board Dilemmas: Our Executive Director is Leaving! While Executive Directors may leave for various and valid reasons, a board of directors is typically left in an unexpected and time-consuming situation.
- Are You Ready to Replace Key Performers When They Leave? Talent gaps are inevitable, and search firms can increase the productivity of your search for new talent.
- Writing Strong Job Descriptions: Why They Matter Writing a good job description may seem like a nuisance or even an unwelcome weekend activity when the time comes, but investing the time and effort in it will more than pay off in the end.