Sunday, September 7, 2008
The August 28, 2008, issue of the Dallas morning News has an interesting article about how baby boomers (Bill gates among them) are shedding their corporate jobs for careers with nonprofit organizations. This is apparently happening a the perfect time since there is a dearth of qualified leaders in the nonprofit sector. Here is an excerpt from the story:
Boomers' interest in charitable work comes as nonprofit agencies face a serious leadership deficit, said David Simms, an executive with the Bridgespan consulting group. A surge in retirements and a proliferation of nonprofit agencies will create a need for 640,000 senior managers over the next decade – more than double the current number, he said.
. . .
But making the move isn't always easy. The pay is less; the hours can be long. And workers used to companies' fast-paced decisions may become frustrated by the collaborative style at nonprofit groups, Mr. Simms said.
Still, many of those who have traded their jobs with for-profit companies to work for nonprofits have no regrets.
For the entire story, see "Baby Boomers Find Meaning in 'Encore Careers' at Nonprofit Groups" in the August 28, 2008, issue of the Dallas Morning News.