Demographic shifts are affecting society and its institutions in powerful ways. As America's population ages, we will see unprecedented transfers of authority and responsibility from the Traditionalist and Baby Boomer generations to Generation X and the Millennial Generation. The impact to nonprofit organizations and the boards that govern them will be especially profound.
Consider this:
- Almost 60% of nonprofits Executive Directors are over 50
- Only 17% of nonprofits have documented succession plans for their Executive Directors
There are certain steps that nonprofit boards must take, as part of their governance duties, to establish executive succession plans. Without these plans, the financial and organizational sustainability of the nonprofit is at risk.
In my consulting work over the past 12 years I have frequently been asked to guide nonprofits through the necessary steps to establish executive succession plans. I have simplified the process so that most Boards complete the plan within 1-2 months using my expertise as a guide.
If you are interested in learning more about this approach, please do not hesitate to contact me directly at ahr@interchange-group.com.
For more information and resources on succession planning, onboarding and the multigenerational workforce, log onto www.interchange-group.com.
Workforce Strategies for the New Economy
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