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If your nonprofit hasn’t already faced the difficult challenge of attracting new staff to fill the shoes of departing rock stars, get ready! According to the Society for Human Resource Management (SHRM), an estimated 7.8 million jobs will need to be filled by 2020. This unsettling headline has led many nonprofit teams to rethink their approach to the recruitment risk/reward equation.
The cost of hiring mistakes and misfires is significant: did you know that leaders of small organizations spend as much as 40% of working hours on tasks unrelated to generating revenue? Another study indicates that it takes up to 50-60% of a departing employee’s annual salary to find and onboard their replacement. Ouch! And the pain only intensifies when the new hire is a poor fit for the job or the organization.
Given that no nonprofit can afford to spend time on mis-hires, or lose ground when a campaign to replace talent drags on, we’re excited to share the following winning ways to manage recruitment risk. We’ll take a deeper dive into the murky waters of recruitment risk during the “Managing Staff Recruitment Risk” session that will be featured at Risk Connect on May 14th. As a reminder, Risk Connect is a free, all-day virtual conference for Affiliate Members of NRMC.
Filling vacancies and finding superb candidates for new or vacant positions in your nonprofit should be an adventure, not a drag. If you’re relying on conventional techniques to build a high-performing team, plan to be disappointed. To share your thoughts on recruitment risks and winning strategies, plan to join us on May 14th for Risk Connect.
Melanie Herman is Executive Director and Katharine Nesslage is Project Manager at the Nonprofit Risk Management Center. They welcome your questions, comments and lessons about recruitment risk at 703.777.3504 or Melanie@nonprofitrisk.org | Katharine@nonprofitrisk.org.
“First let me congratulate you on a conference well done. I had a great time at the Nonprofit Employee Benefits Conference and walked away with some valuable tools and questions that we’ll need to be addressing in both the short and long term. Thanks to you and your staff for all you do to provide us with quality resources in support of our missions.”
“BBYO’s engagement of the Center to conduct a risk assessment was one of the most valuable processes undertaken over the past five years. Numerous programmatic and procedural changes were recommended and have since been implemented. Additionally, dozens (literally) of insurance coverage gaps were identified that would never have been without the work of the Center. This assessment led to a broker bidding process that resulted in BBYO’s selection of a new broker that we have been extremely satisfied with. I unconditionally recommend the Center for their consultative services.
“Melanie Herman has provided expert, insightful, timely and well resourced information to our Executive Team and Board of Directors. Our corporation recently experienced massive growth through merger and the Board has been working to better integrate their expanded set of roles and responsibilities. Melanie presented at our Annual Board of Director’s Retreat and captured the interest of our Board members. As a result of her excellent presentation the Board has engaged in focused review which is having immediate effects on governance.”
“The Nonprofit Risk Management Center has been an outstanding partner for us. They are attentive to our needs, and work hard to successfully meet our requests for information. Being an Affiliate member gave us access to so many time- and money-saving resources that it easily paid for itself! Nonprofit Risk Management Center is truly a valued partner of The Community Foundation of Elkhart County and we are continuously able to optimize staff time with the support given by their team.”
“The board and staff of the Prince George’s Child Resource Center are extremely pleased with the results of the risk assessment conducted by the Nonprofit Risk Management Center. A thorough scan revealed that while we are a well run organization, we had risks that we never imagined. We are grateful to know that we have now minimized our organizational risks and we recommend the Center to other nonprofits.”
Great American Insurance Group’s Specialty Human Services is committed to protecting those who improve your communities. The Center team has committed to delivering dynamic risk management solutions tailored to nonprofit organizations. These organizations have many and varied risk issues, hence the need for specialized coverage and expert knowledge for their protection. We’ve had Melanie speak on several occasions to employees and our agents. She is always on point and delivers such great value. Thank you for the terrific partnership and allowing our nonprofits to focus on their mission!