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Investing in Fair Pay: Unlocking the Value, Process, and Costs for Nonprofit Workers
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Pay equity is a critical factor in attracting and retaining talent in the nonprofit sector, and organizations need to address pay disparities to ensure their long-term sustainability.
Our guest today is Sally Loftis, Managing Director of Loftis Partners, who discussed pay equity and the importance of investing in staff. We talk about the challenges faced by nonprofits in attracting and retaining talent, emphasizing the need for competitive pay and benefits that reflect the rising cost of living.
We also discuss the impact of the COVID-19 pandemic on the nonprofit workforce and the need for organizations to adapt to the changing needs of their employees. Ongoing feedback mechanisms and a commitment to understanding the systemic needs of employees are essential for creating a workplace culture that is not just equitable, but also sustainable.
Go to our website for a transcript of this episode and links to the resources discussed in the episode. You can find all the episodes of this podcast plus our blog, toolkit and other resources on our website, fundthepeople.org. And we invite you to learn from all the amazing past guests of Fund the People - A Podcast with Rusty Stahl at fundthepeople.org/ftp_podcast.
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