November 3, 2020
Nonprofit Leadership: How to Strengthen Organizational Culture by Unleashing Employee Expertise
by Christopher Washington, Forbes Nonprofit Council contributor, Provost of Franklin University, Chair of the Board of Global Ties, U.S. 

Fellow members of the Forbes Nonprofit Council have noted that staff at nonprofit organizations often stretch themselves too thin by performing more than one role. Without proper guidance and support from leaders, employees taking on too many tasks may either fail to prioritize the important work or settle for doing whatever it takes to just get the job done. Inattentive leaders may settle for mediocrity, which subsequently becomes the expected standard of performance.

A recent study shows that for many nonprofit leaders, talent management is not a priority. According to the 2019 Talent Management Priorities for Nonprofits survey only 28% of the 488 organizations from across the U.S. had a formal talent management plan.

In my experience, the negative impact of disregarding talent management can be enormous. Failing to attend to a workplace culture that brings out the best of what employees know and can do becomes especially acute following periods of work or workplace disruption. Poorly managed people can often bring down employee morale, tarnish an organization’s reputation, and waste time and valuable organizational resources. Employees who feel neglected rather than valued and appreciated may either choose to leave the organization prematurely, contributing to the high cost of employee turnover, or remain in the organization as unhappy and relatively unproductive employees.

Alternatively, a staff loyal to the mission and doing the right work in the most efficient way can contribute to more relevant, resilient and high-performing organizations. More enlightened nonprofit leaders identify performance improvement opportunities and create positive work environments that support and reward workers for high performance.

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The Indiana SBDC has partnered with ServantHR to create the COVID-19 Human Resource Assistance Program. Eligible companies may apply for no-cost assistance to update their employee handbooks in order to address challenges due to the COVID-19 outbreak. Read more
Decision to leave Fed Funds Rate unchanged until 2023 indicates Fed’s accommodating position for economic recovery
At its September meeting, the Federal Reserve (Fed) left the Fed Funds Rate unchanged between a range of 0-.25%. More importantly, the Fed indicated its intention to hold the rate there until at least 2023. The Fed stated its expectation to maintain this target range until labor market conditions reached levels consistent with the policymaking committee’s assessments of maximum employment.

In its statement, the Fed also shared its intention to maintain an accommodative stance until the U.S. economy achieves inflation averaging 2% over time and longer-term inflation expectations remain anchored at 2%. The statement reflected the central bank’s new policy framework in which it will allow inflation to overshoot its 2% target after periods of lower inflation. Simply put, the Fed appears positioned to remain extremely accommodative for some time to come.

The Fed’s commitment to obtaining a 2% average inflation rate demonstrated its intent to not enact yield curve control, but instead to continue to foster liquidity where needed. Ultimately, the Fed appears to be signaling that it will allow longer-term yields to rise while holding short-term rates down. This strategy seems necessary to obtain the Fed’s goal of full employment and 2% average inflation. Holding short-term rates low is focused on encouraging full employment while providing room for intermediate and long rates to drift up, which should assist with the goal of achieving higher inflation.

Assuming the Fed is successful, its strategy should result in a widening of the yield curve where investors are paid more yield for taking on longer maturities. One of the goals of such a policy is to encourage financial institutions to make more loans. The idea being that a steeper curve provides more attractive profit margins on the loans.

Purdue Extension Marion County has named Maddie Greer as its communications and office manager. Greer, a recent graduate of Butler University, has previously held internship roles at Indiana Sports Corp. and Brownsburg Community School Corp.
The 500 Festival has hired Christine Swarm as executive director of the 500 Festival Foundation in Indianapolis. Swarm most recently served as director of development at the local affiliate of Volunteers of America Ohio and Indiana.—Inside Indiana Business
Lilly Endowment has hired Johnny Pryor to serve as program director in the education division. Pryor previously served as assistant vice chancellor in the division of student affairs at Indiana University-Purdue University at Indianapolis.—Inside Indiana Business
The Indiana State Department of Agriculture has promoted Samantha Miller to state director of the FFA. Miller previously served as assistant director for the organization and as an FFA advisor and teacher at Hamilton Southeastern Schools. — Inside Indiana Business
The Foundation for Lutheran Child and Family Services has announced that the Pando Aspen Grove of Community Heights was awarded $9.2 million in funding from the Indiana Housing and Community Development Authority (IHCDA). The funds will be used to support the construction of permanent housing for homeless youth on Indianapolis’ eastside. Read more

The 2020 Spirit & Place Festival has announced that it will celebrate the theme ORIGINS in a combination of virtual and socially distanced events Nov. 5-15. The annual event will focus on how origin stories of all kinds shape individuals and a society. More

The International School of Indiana has broken ground on a new $13.5 million school building. The Chen Family Lower School project is the result of a year-long capital campaign to create a single, unified campus on the northwest side of Indianapolis. Read more

The Center of Excellence in Leadership of Learning at the University of Indianapolis has partnered with the Indiana Higher Education Commission and Carmel-based nonprofit INvestEd to help meet the need for qualified dual-credit teachers. Read more

Nonprofits and universities are heavily represented in the 2020 Indianapolis Business Journal Women of Influence awards. Read more


Brooke's Place has received a $10,000 grant from the New York Life Foundation to support COVID Relief. Read more
Exit planning for retiring nonprofit CEOs. When chief executives start planning for retirement, they must prepare themselves and their organization for the next step, while continuing to lead.
Do you know where your board is in its lifecycle? Boards are not — and should not — be static. To be effective, they must change and evolve as their organizations change and grow.
Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.

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