TCFN _Newsletter March 2006.
For nonprofits, the ability to attract, recruit, and retain qualified leaders is a key variable in their ability to fulfill their missions, and the challenges associated with those tasks are likely to become more pronounced over the next decade, a new study by the Bridgespan Group in Boston finds.
According to the study, nonprofits will need to attract and develop 640,000 new leaders over the next decade _ the equivalent of 2.4 times the number currently employed. To make up for leaders who retire or leave senior leadership positions, the sector will also need to develop nearly 80,000 senior leaders annually over the next decade. "The amount of social impact a nonprofit organisation delivers is primarily dependent upon the capability and performance of the people in that organisation," said Thomas J. Tierney, the report's author and the Chair and Co-founder of Bridgespan.
According to Tierney, the leadership deficit is aggravated by the nonprofit sector’s overall lack of intermediaries to help recruit and develop managers and by its lack of robust management-education and executive-search capabilities. Click here to download the complete report.