Baby Boomers and Nonprofits
A report released by The Conference Board states nonprofits will be hit particularly hard by the approaching retirement of baby boomers.
Many nonprofits—especially small and midsize ones—lack the “staffing depth to develop younger leaders coming up in the organization,” as well as time and money, Jill Casner-Lotto writes in the report.
By 2016, nonprofits will need 640,000 new senior managers and will need to recruit 80,000 new professional and management staff, according to Diane Piktialis, leader of The Conference Board’s Mature Workforce Program.
The report says that hiring people over age 50 for part-time work could fill the leadership gap, as many boomers are expected to work beyond retirement age and many are considering nonprofit work as “encore” jobs that allow them to utilize their experience to give back to the community.
For more information on the report, visit The Conference Board.
