NFPs that take the time to work on, and communicate, their unique workplace culture effectively to potential candidates and existing employees can significantly improve their ability to attract and retain staff.
Want to improve how you reward staff at your NFP? Focus on meaning. According to recent research published in the Ivy Business Journal, tangible rewards such as pay raises, bonuses and benefits are not as effective for day-to-day motivation as the psychological rewards employees get from doing work that has meaning. It’s crucial information for resource-strapped not-for-profits aiming to keep staff happy, motivated and rewarded for their work.