Abila has published the results of a survey among 300 nonprofit finance professionals about managing nonprofit growth. The survey data was collected between May 9 and May 25, 2017. The study, in its entirety, covers several aspects of nonprofit growth including:
- Its dynamics and challenges
- The role of funding
- Risk management and
- The effect of growth on relationships and office culture.
Of special note, was a section of the study devoted to the perceptions of millennials (defined as employees under age 35) and older employees about the nonprofit sector and how millennials fit in. As millennial workers constitute the majority in the workforce, the future is now and the respective views of younger and older workers are important for both groups to understand and deal with. In more detail, here is paraphrasing and a summary of the study results.
Perceptions on nonprofits vary widely in nonprofits
When asked to describe their millennial colleagues, nonprofit finance professionals over age 35 find their counterparts to be idealistic and passionate. Additionally, the findings state the group lacks loyalty to the organization.
In contrast, millennials had a much higher regard for their generation. For instance, millennials gave themselves high marks in caring about ethics and transparency. Additionally, they hold a willingness to contribute to the growth of the organization.
This gap in perception may shed some light onto why some nonprofit organizations are having retention issues. An overall survey result is that most nonprofit organizations have a challenge retaining millennial employees, with 78 percent of non-millennials saying it’s a moderate or major challenge.
Below are the comparative survey results when millennials were asked how they perceived themselves vs. how non-millennials viewed them.
|Care deeply about ethics||87%||28%|
|Care deeply about transparency||81%||32%|
|Willing to contribute to the organization’s growth||77%||23%|
|Loyal to their employer||66%||12%|
|Care deeply about office culture||55%||21%|
How do millennials impact nonprofits?
Characteristically, the authors don’t offer any recommendations, leaving nonprofit managers to figure it out. In a sense, the issue will become somewhat mute as time passes and now millennials become managers, as many are already. If nothing else, the survey dramatically shows the perceptual gap. Furthermore, awareness and acceptance are essential as a starting point for improvement.
Lee Bengston, CPA