December 11, 2008
Worth the Price?
Charities think twice about using expensive executive-search firms
With the economic downturn likely to lead to a significant drop in charitable donations and already taking a bite out of many endowments, many nonprofit organizations have begun to think about ways to cut back their spending. One expenditure that could soon go the way of canceled holiday parties: the use of executive-search firms to recruit charity leaders and workers.
In recent years, the use of such firms by charities has increased sharply. At least 208 search firms serve charitable
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