Poor management and planning hamper full cost recovery
Voluntary organisations don't implement full cost recovery because they lack of proper staff management and governance planning, according to the NCVO.
In addition, half the organisations surveyed by the NCVO did not have a budget for governance costs. In a statement, the NCVO said that charities often found themselves out of pocket or unable to train or support their employees or trustees adequately because they did not take development costs into consideration when planning and fundraising.
“Our research shows that organisations just do not realise the importance of developing their workforce,” said Janet Fleming, Head of the UK Workforce Hub. “We are appealing to voluntary and community organisations to be aware of the benefits of better planning and costing of their workforce to further the sustainability of their organisation.”
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