Each year EveryAction, an email marketing group, does an analysis of the ways that email deliverability can impact fundraising success. According to 2016 benchmark online giving data, every 1% of email marked as spam resulted in a revenue hit of more than 1%. This figure is one that nonprofits need to note.
Ten years ago, the Association of Fundraising Professionals (AFP) and the Center on Nonprofits and Philanthropy at the Urban Institute launched the Fundraising Effectiveness Project. This project surveys nonprofits each year to assess the effectiveness and efficiency of the development work they do. The 2015-2016 study included data from 10,829 nonprofit organizations.
There are so many competing factors in any recruitment effort — work piling up, time pressure, and financial realities. Yet the cost to an organization of a bad hiring choice can be dramatic. It goes far beyond the money and time wasted in making a mistake. The negative impact on the entire organization can be long lasting.
It is a problem experienced at organizations in all sectors. Staff members that were once top-performing, hardworking, and dedicated, suddenly seem to have lost interest in their jobs. They have become irritable with their teams, less productive, and do not seem as invested in the work. What changed? In some cases, it is simply a case of burnout.
Organizations spend dozens of hours seeking out the right candidates for open positions — crafting the perfect job postings, interviewing and vetting candidates, and ensuring that prospects are the right fit. But when an employee’s tenure is short, the organization is forced to start the process all over again. There are costs in terms of money, time and morale.
Adam Bryant of The New York Times recently addressed a challenge faced by every organization: How does one make the best hiring choices? It is a question he has asked nearly 500 managers – and are the useful strategies he has developed to consider.
A good Board of Directors can be a critical asset for a successful nonprofit. Unfortunately, it is not always easy to ensure that the board’s efforts are put to the best use. Simple mistakes can derail a good process. In “8 Mistakes That Even Good Boards Make,” The NonProfit Times provides some important tips for avoiding these missteps.
The Street declared 2015 “A Year for the Record Books,” because it was the biggest year on record for mergers and acquisitions. Some of the high-profile mergers that year included Pfizer and Allergan, Charter Communications and Time Warner Cable, and Heinz and Kraft Foods. While these kinds of mergers and acquisitions are common in the for-profit business world, some analysts think it is time for nonprofits to look at the potential benefits.
A recent study by the Alliance for Board Diversity brought some eye-opening statistics about board diversity in Fortune 500 companies.
In honor of our 20th Anniversary, LOIS L. LINDAUER SEARCHES will be sharing a new interview series, “20 Questions with…” throughout the year. Here, Sam Lundquist, Vice Dean, External Affairs, The Wharton School (part of the University of Pennsylvania, or Penn, as it is called), takes us inside one of the leading business schools in the world.