The Great Resignation
This persistent pandemic has spun out some very interesting trends that affect strategic thinking across the entire nonprofit landscape. The Great Resignation is the most unexpected. Well over 20 million people quit their jobs in 2021 and, sadly, volunteer numbers have steadily been dropping as well, with two-out of-three volunteers having decreased or stopped contributing time due to the pandemic.
Karin Kimbrough is Linkedin's chief economist and has a birds-eye view of the U. S. labor market. "People have been living to work for a very long time. And I think the pandemic brought this moment of reflection for everyone. "What do I wanna do? What makes my heart sing?" And people are thinking, "If not now, then when”
Volunteerism
Over the past year we’ve seen volunteerism decline as well and find that the same causes have applied the "Great Resignation impulse" to volunteering. Linkedin's data on who is leaving jobs provides a clue: millions of baby boomers are retiring early. Many more women than men. Since baby boomers are far and away the most generous volunteer generation, this aging trend and public health crisis could have a devastating effect on the traditional nonprofit volunteer corps.
Who Will Replace the Boomers?
The Great Resignation has not escaped the notice of nonprofit leadership. What can nonprofit organizations do to attract and retain top talent in both their employee and volunteer corps? Nonprofits believe that they are uniquely positioned to turn this trend into the Great Attraction and capitalize on the large numbers of people looking for impactful roles. However, with baby boomers retiring and hesitating during this public health crisis, nonprofits must look beyond this historically ‘most generous generation’ and find ways to attract and retain baby boomers' children and grandchildren. A fresh approach is needed to attract each succeeding generation.
As baby boomers retire and shy away from possible deadly pandemic infection, nonprofits must look more carefully at the makeup of the modern volunteer corps and rethink how to contact and engage new generations of generous volunteers, their most valuable asset.
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