Impact of COVID-19 on Nonprofits
Nonprofit organizations are typically established with the purpose of assisting a specific group of individuals, groups, or causes and funded by grants and donations. Since the initial impact of COVID-19 across the world, nonprofit organization demands, specifically those that provide food, shelter, childcare, and other relevant goods and services to communities, have skyrocketed.
For example, Michigan’s Labor Department reported a 30% increase in joblessness with unemployment rates triple the national average at 12.4%. Local nonprofits are working to re-imagine their programs by revamping clubs to enhance vocational training and entrepreneurism, maintain cost-effective after-school and coworking programs, and develop virtual program models to increase participation.
Benefits of Partnering with a Nonprofit
Like most businesses, nonprofit organizations have been significantly impacted by the pandemic. Partnering with a nonprofit organization can be a win-win situation.
For businesses, partnering with a nonprofit can benefit you by connecting to new business partners, build brand recognition, increase community outreach and development, connect with community thought leaders, and invest in their services, products, and/or cause.
For nonprofits, partnering with a business can improve funding, expand donor base, provide opportunity for professional development, attract new volunteers and personnel, increase brand awareness, and strengthen community outreach and development.
The National Council of Nonprofits provides an interactive map of state-by-state resources.
How PEOs Can Assist Nonprofit Organizations
Professional employer organizations (PEOs) are service providers whose repertoire ranges from human resources, payroll, employee benefits, workers’ compensation, and safety and risk management. If your nonprofit is struggling to stay afloat, investing in a PEO partnership – like Human Capital, who specializes in nonprofit back office services – can provide streamlined business solutions so you can return to supporting your community needs. Human Capital can provide cloud-based human capital management software to support complex nonprofit structures, such as applicant tracking, performance management, upskilling and learning management, and much more.
Source: Top Nonprofits