Back in 2010 the Productivity Commission identified key workforce issues currently facing Not-For-Profit organisations. These included: Difficulties attracting and retaining employees due to low wages High levels of employee turnover within the sector A lack of career paths and training opportunities. The commission also determined that NFPs are attracting more employees than in 2000, with […]
And that word is: 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.