Nonprofit employees and managers define success as making a difference
Our survey finds nonprofits' mission and employees' job satisfaction give them an edge over for-profit companies.
Choosing a career at a nonprofit
Success = helping people, not compensation
Defining Career Success
Employees
Managers
Employees and managers define career success by helping improve the lives of others, their community or society.
Findings from our survey show nonprofit organizations attract and retain employees because of their mission to serve others and desire to make a difference in people’s lives.
Nonprofit employees and managers are nearly twice as likely to define success not by compensation, but by helping people.
More than 90% of employees and managers feel they personally make a positive difference in their community or society.
Job Satisfaction
Nonprofit employees believe they are more satisfied than their for-profit counterparts
Nonprofits are better at creating interesting jobs and job satisfaction than for-profits, according to 73% of millennial managers.
Nonprofit employees have long tenures — 74% of managers and 65% of employees spend 6+ years in the nonprofit sector.
Security in Retirement
Nonprofit employees are satisfied; are they secure?
Are nonprofit workers setting themselves up for a successful retirement?
Even though nonprofit workers define success as helping others, they still need to build a nest egg for their future. And younger nonprofit employees don’t feel prepared for retirement.
Most baby boomers plan to fund their retirement through Social Security and their workplace retirement plan. Only 39 percent of millennials think they will be able to fund their retirement through Social Security and 55 percent through their workplace retirement plan.
Most are confident with how much they’re saving
Employees
Managers
Yet 80% of millennial employees have never calculated how much they will need to retire comfortably.
Do you know how much income you’ll need each month in retirement?
Recognizing Difference Makers
TIAA celebrates those who give back
To help mark our centennial, we are celebrating people who work for nonprofit organizations who, like TIAA, are inspired to have a positive impact on the world – the Difference Makers.
In early October, we will celebrate 100 people – the Difference Maker 100 – who have devoted their lives to improving the world for us all.
For more information and details about this survey, visit the Executive Summary .
This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
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