Survey: Nonprofits plan to cut bonuses, freeze hiring

Only a sliver of nonprofits across the country plan to increase hiring in the next six months and half anticipate reducing employee bonuses.

That’s according to a report released Monday by Grant Thornton International Ltd., which surveyed 846 CFOs and senior comptrollers from public and private companies, of which 53 worked for nonprofits.

Of the nonprofit executives surveyed, 11 percent say their organizations plan to increase hiring in the next six months and 51 percent will reduce bonuses. Sixty-four percent expect their headcounts to remain the same.

Meanwhile, 55 percent believe the U.S. economy will improve during that six-month span. But just 28 percent expect their organization’s financial prospects to improve.

Source: Biz Journal