Saturday, September 1, 2012

Fledgling Nonprofit Workers Love Their Jobs but Bear Financial Burdens

The newest generation of nonprofit employees strongly wants to remain in jobs that do good—even as many of the workers struggle to get by on low entry-level salaries and pay back their student loans, according to a new survey by The Chronicle of Philanthropy.

Eight out of 10 new workers want to continue working at a nonprofit, even though 40 percent say they are dissatisfied with their pay. And about 65 percent said they have college-loan debt.

The survey, which tracked more than 900 people who have worked at nonprofits for less than five years, was conducted with help from the Nonprofit Leadership Alliance and the Young Nonprofit Professionals Network.

In addition to showing the financial status of fledgling employees, the survey paints a picture of improving economic health for charities.

Nearly 40 percent of the recent employees surveyed said they had landed their new positions after a job search lasting three months or less.

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