The not-for-profit (NFP) sector – also referred to as the third sector, the social sector and the community sector – is large and diverse. It encompasses a range of organisations with different charitable purposes (e.g. health, education, social welfare and religion) without generation of profit or gain. Industry challenges centre around governance, managing culture change and attracting quality staff to aid maximum outcomes.
COVID-19 and the resulting weakening economy has significantly impacted the sector in relation to funding, service delivery and workforce shrinkage.
This fact sheet takes a look at the industry challenges in the not-for-profit-sector, such as:
- Attracting and retaining quality volunteers, staff, donors and members
- Managing culture change
and which ELMO solutions can help address these challenges.