Nnnprofits often have to run on reduced budgets during economic downturns like the one we are experiencing. But in a recent survey by GuideStar, we discoverwhat follows because of these reductions. In short, NPOs see downsizing of services and activities,salary freezes, and even hiring freezes..
Despite the fact that very few of the organizations in the study reported a decrease in demand for their services in the first five months of the year, half of the organizations that were surveyed said that they implemented a salary freeze. Other statistics from the survey included the following:
- 38% had layoffs
- 30% implemented a hiring freeze
- 23% reduced employee benefits
- 21% reduced salaries
- 16% reduced operating hours