Financial Times FT.com

Credit crunch: ‘Talent tsunami’ from downturn floods sector

By Sarah Murray

Published: May 27 2009 18:01 | Last updated: May 27 2009 18:01

When hiring talent from the corporate sector, global public sector institutions and non-governmental organisations (NGOs) have often struggled, particularly when trying to match private sector salaries.

Recently, non-profit wages have risen and the sector has benefited from a growing desire by businesspeople to join non-profit organisations. Now, however, job losses in the corporate sector mean NGOs and multi­lateral agencies have a different problem – how to sift through the deluge of job applications from recently laid-off executives.

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