FINANCIAL SECURITY AND CAREERS
have access
Key survey findings to a defined benefit
plan and 69% have access
Satisfaction and career advancement to a
defined of nonprofit employees
W A majority (59%) contribution plan. More
than three-quarters of those their
are very or extremely satisfied with with
access to a defined contribution
current employment. Personal satisfaction
with the mission of their work is an
plan make contributions.
important driver in these employees’
• However, more of sector
career decisions, with45% than 90%
saying it employeesconsideration.
is a strong are not satisfied
W
Nonprofitwith their ability to prepare
employees also deem salary
financially for retirement.
and career advancement important.
Sixty-seven percent of women and 47% of
men • Householdas a strong
reported salary debt is likely a
factor contributing to a lack of
consideration. Satisfaction with career
confidence regarding saving for
advancement opportunities varies with
career stage, but overall only 30% are
retirement; 70% of early-career
very or extremely satisfied and 36% are
stage employees and 60% of
somewhat satisfied.employees consider
mid-career
Salary considerations of household debt
their level
W Almost one-half of employees have
to be a problem.
considered leaving the sector for better
compensation elsewhere.
Behind the uncertainty
W
Forty-two percent of employees feel they
• One-third of sector employees
are not accumulating sufficient financial
have received retirement
resources to ensure their long-term
financial planning advice within the
security.
past three
Retirement planning years.
W
W
W
Most employees are covered by a
• Two-thirds have not t ɥ