By Melissa Lagowski Founder/CEO/Queen Bee Successful financial management is one of the greatest keys to the sustainability of your nonprofit or association. The accuracy of your numbers is crucial for day-to-day funding of staffing, programming and strategic planning. And yet, depending on the source, 40% of nonprofit leaders and 60% of small business owners say they are not good at bookkeeping. Accounting is a highly-regulated area of importance for your organization, and yet most nonprofits do not invest in securing the specialists needed to manage their finances. And even when an association does hire a bookkeeper, leadership might not know...
By Melissa Lagowski CEO/Founder/Queen Bee Debates continue about the “great resignation” and the fast-rising salary demands that are running rampant in the current hiring climate (also known as wage compression). As nonprofits and associations strive to serve their missions with diminishing resources, many are struggling to find the experienced workers they need at a salary they can afford. Just as frustrating, the labor shortage increases the demands on your existing staff (who are already taxed as a result of the pandemic), which results in higher levels of burnout. So, what is an organization to do? We’ve seen a recent rise...
By: Melissa Lagowski Founder, CEO and Queen Bee, Big Buzz Idea Group In working with clients, we’ve seen the state of the nonprofit sector evolve. More recently, many organizations are facing a tight job market with a shortage of skilled and experienced workers. Layer in limited budgets and ongoing turnover, and it’s not surprising that nonprofits are feeling the squeeze. It’s an issue for nonprofits and businesses alike: staff shortages have become the top emerging risk that organizations face globally, according to Gartner, Inc.’s latest Emerging Risks Survey. Sixty-three percent of total respondents stated that a talent shortage was a key...
