501 Commons Executive Director Nancy Long was a guest on The Nonprofit MBA Podcast where she talked with host Stephen Halasnik about what nonprofits can do to address job satisfaction and increase pay.
Stephen is the Co-founder and Managing Partner of Financing Solutions, a leading provider of loans for nonprofits in the form of a line of credit. Read this press release for an overview of his discussion with Nancy.
Nancy and Stephen discuss the compelling need for management to consider the living wage as the minimum wage and to support the professional development of employees to ensure access to an adequate workforce. Adopting formalized HR systems and practices can help lead to fair treatment of staff and boost staff satisfaction and retention rates.