Trendspotting: Smaller Nonprofits and Foundations Working with PEOs
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Compliance, competition, capacity: the three main challenges facing smaller nonprofits and foundations when it comes to human resources.
- Compliance with ever-changing statutes and regulations at the federal, state, and local levels.
- Competition for talent, which requires offering attractive, affordable benefits to recruit and retain employees.
- Capacity to stay on top of the changing laws and all aspects of the relationships with vendors of numerous benefits (e.g., selecting, negotiating with, and maintaining relationships).
Dropping the ball on any aspect of HR could mean (i) diverting even more time and funds from mission to fix errors and pay any fines for noncompliance, (ii) paying more than needed on employee benefits or selecting the wrong options, and (iii) distracting the organization’s leaders from other pressing matters. And on top of all that, add the costs of damaging employee morale if benefits are weak or poorly administered.
Please select this link to read the complete article from The National Council of Nonprofits.