Many nonprofits tend to focus most of their energy on fundraising, pursuing donors, and managing volunteers. However, dedicating time and effort to prospective and current staff members is just as important to keep operations running smoothly so you can further your mission.
As your nonprofit’s human resources department might tell you, there are plenty of challenges associated with hiring, training, and retaining staff.
As with our review of 2023 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold next year are challenging.
2022 has certainly been a topsy-turvy year. Unemployment is at record lows (lowest in 50 years), but inflation has also been its highest (hovering between 8% and 9%).
Over the last two years, employees have come to appreciate the benefits to a fully remote or hybrid work environment. These benefits include saving time commuting, more productivity, schedule flexibility, and better work / life balance.
There are a lot of advantages to working in a family – run business. The family ties can create a strong culture of values and ethics.
As a direct result of the ongoing COVID-19 pandemic, 2022 finds us facing high inflation rates. We’ve seen prices rise 7% – in everything from cars and housing, to gas, food, and furniture.
2021 has flown by! We find ourselves at the end of another year. In this last Astronology® for 2021, we will recap some emerging HR trends we saw in the year.
Picture this: It’s a typical in-office day for your hybrid team, and as you walk into the break room to refill your coffee, you notice a group of employees gathered together and talking over a news article in the local paper.
As with our review of 2022 compensation budgeting in the last Astronology®, predictions on how variable compensation will unfold are challenging.
Current Economic Climate and Impact on 2022
2021 has been a year of surprises in administering employee compensation programs. Among the changes and challenges in 2021 are the following:
These factors have led many to rethink past and current compensation strategies as we move into 2022. According to SHRM, when planning for 2022:
Consider the future of the organization.
