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Despite many predictions to the contrary, U.S. employers have continued to add workers\u00a0to\u00a0their payrolls and the unemployment rate has remained low \u2014 at 3.7% as of November 2023, according to the Bureau of Labor Statistics. Is your not-for-profit among the employers that need fresh staffers? The new year is a good time to start looking, but make sure you consider a couple of issues before you place any\u00a0ads.<\/p>\n
1. Your workforce<\/strong><\/p>\n First, do you really need to hire? Even if you plan to expand services and introduce new programs, volunteers may be capable of picking up the slack. Or current staffers may be\u00a0underused on projects that are stagnating or winding down. Carefully review your nonprofit\u2019s priorities and consider eliminating programs that aren\u2019t meeting expectations so\u00a0you can redeploy human resources.<\/p>\n If staffers have been working from home since the start of the COVID-19 pandemic, you may want to call them back to the office before making the decision to hire. It\u2019s possible some staffers will refuse to return to the office full time. In that case, you\u2019ll need to decide\u00a0whether to keep them working from home and on the payroll or start searching for\u00a0new employees. Just keep in mind that you could have trouble finding new workers at\u00a0compensation levels your organization can afford to\u00a0offer.<\/p>\n 2. Your finances<\/strong><\/p>\n The second major consideration, of course, is money. Thanks to generous donors and grant-makers, some nonprofits have bounced back and even expanded in the post-pandemic period. Others have been forced to pinch pennies just to maintain the existing programs. Wherever your nonprofit falls on this spectrum, ensure you can fit new staffers into your budget before\u00a0hiring.<\/p>\n Remember that when you hire full-time employees, the expense isn\u2019t limited to salaries or\u00a0hourly wages \u2014 you\u2019ll also be paying employment taxes and benefits. In many cases, it\u2019s\u00a0cheaper to outsource functions, particularly accounting, IT and human resources work.\u00a0Outsourcing offers the additional benefit of being temporary if you aren\u2019t happy with\u00a0the\u00a0service.<\/p>\n Finally, even if you can afford to hire or outsource, the fact remains that nonprofits are obligated to be careful financial stewards. Donors, watchdog groups and the media demand it. So consider how you\u2019ll make the most of any new staffing budget before you spend\u00a0it.<\/p>\n Making the decision<\/strong><\/p>\n The economy in the U.S. remains relatively strong, making it a good time to hire for many employers. However, this situation could change. Ultimately, the decision to hire depends on your organization\u2019s staffing needs and financial resources. We can help by reviewing your budget and suggesting ways to free up\u00a0cash.<\/p>\n \u00a9 2023<\/em><\/p>\n <\/body> Despite many predictions to the contrary, U.S. employers have continued to add workers\u00a0to\u00a0their payrolls and the unemployment rate has remained low \u2014 at 3.7% as of November 2023, according to the Bureau of Labor Statistics. Is your not-for-profit among the employers that need fresh staffers? The new year is a good time to start looking, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10,15],"tags":[8,11,12],"class_list":["post-16800","post","type-post","status-publish","format-standard","hentry","category-articles","category-news","category-not-for-profit","tag-articles","tag-news","tag-updates"],"_links":{"self":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/16800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/comments?post=16800"}],"version-history":[{"count":1,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/16800\/revisions"}],"predecessor-version":[{"id":16801,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/16800\/revisions\/16801"}],"wp:attachment":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/media?parent=16800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/categories?post=16800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/tags?post=16800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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