Social Business to Resolve Talent Woes

The struggle of non-profit sector in talent acquisition is a common fact, even though current economic climate has sort of easing this problem with mass availability of laid-off professionals to offer or volunteer their expertise. But as soon as the economy gradually rebounds, majority of them are not expected to stay in non- profit sector. The permanent solution still seems elusive.

The inherent difficulties lie in the fact that most non-profit organizations depend on cyclical public donation that is heavily influenced by economic conditions. A great deal of resources is also channeled toward marketing and promotion services, hence resulting restricted career options without financial incentives. Those who choose non-profit sector are mostly individuals making mid career transition to contribute more to social issues after securing financial stability and professional status, while very few individuals choose this path as personal life’s calling.

I think the most realistic solution at this moment to tackle the lack of talent in non-profit sector is provided through social business model. It works in parallel and competes with for-profit business with diverse operation functions to sell products and services, so it does provide a wide range of challenging career options. Revenue has also become a priority as required for sustainable operation and re-investment, even though it will be less substantial because social business serves poor and underprivileged community but it could be compensated through achieving greater and more sustainable social impact. Hence I think social business model provides better incentives and encourages talents to stay in non-profit sector, allows it to become a viable career option for aspiring individuals to begin a new career with.