Now that the economy is getting back on track, charitable giving, which took a nosedive during the downturn, is on the rise again.
Not-for-profits are adding new jobs at a higher rate than their corporate counterparts.
Now that the economy is getting back on track, charitable giving, which took a nosedive during the downturn, is on the rise again. That means the nearly 2 million nonprofit organizations in the U.S., which already employ almost 11 million people, are ready to grow. Yet, partly because even some of the biggest nonprofits have skimpy or non-existent budgets for recruitment, they’re often invisible to job seekers.
That’s too bad, because about 50% of U.S. nonprofits plan to create new jobs in 2015, according to a new survey from research and consulting firm Nonprofit HR — markedly more than the 36% of for-profit companies that say the same.
Looking for job stability? Nonprofits beat their corporate counterparts hands-down, the study says. Consider: Only 7% plan to eliminate any positions this year. By contrast, 74% of for-profit employers plan at least some layoffs in 2015.