ProInspire featured in SSIR: The Business Case for Investing in Talent
We are thrilled to announce our new Stanford Social Innovation Review blog series, co-curated by ProInspire and Net Impact. Over the next four months, leading nonprofits will share stories from the field and highlight real-world results achieved through a focus on talent.
The first article, by ProInspire’s Founder and CEO, Monisha Kapila, focuses on the business case for investing in talent. Read a highlight below and click here for the full article. Please share this article broadly with your networks to expand the discussion on why #talentmatters and stay tuned for other stories in the series.
The Business Case for Investing in Talent
Every dollar invested in employee development yields more efficient and effective impact.
By Monisha Kapila
The nonprofit sector is known for underinvesting in talent. From low compensation to lack of training, the pursuit of minimal overhead has resulted in anemic spending on human capital. The Foundation Center calculated 2011 nonprofit sector spending on leadership development at $400 million—a mere 0.03 percent of the sector’s $1.5 trillion total annual spending. This equates to per-person spending of $29 in the nonprofit sector vs. $120 in the private sector. Foundations, too, have played a role, allocating no more than 1 percent per annum toward leadership-development initiatives in their grantee organizations over the past 20 years.
Lately, though, we are starting to see a shift in the sector that reflects what we at ProInspire believe: An investment in talent is an investment in a nonprofit’s ability to achieve its mission and meet increasing societal needs.
This idea is gaining traction among nonprofit funders, professionals, and thought leaders alike. There exists both a demand for talent investment and a growing body of evidence that documents its value in increasing social impact.
Read more at http://bit.ly/1jeEdj2.
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