An Investment Worth Its Weight in Gold
By Dave Monaco, Subject Matter Expert. Want to raise the anxiety level of nonprofit executives or board members? Engage them in yet another conversation about how to do a lot with a little! Indeed, discussions about how best to allocate an organization’s ever-finite resources of time and dollars dominate many a meeting agenda. Even with a laser-like focus on mission, nonprofit leaders regularly confront difficult budgetary choices and have to cut critical non-programmatic areas. Employee professional development is one such cost-saver that can prove to be a short-sighted decision. Research from corporate and nonprofit sectors shows that organizations who invest in their people promote healthier workplace cultures, improve employee retention, and steel themselves for the inevitable departure of key leaders. When wrestling with knotty budgetary decisions and evaluating their professional development programming, nonprofit board members and executives should [...]
