# Laid-off bankers unlikely to find employment with charities

- Link: https://fundraising.co.uk/2008/12/03/laidoff-bankers-unlikely-find-employment-charities/
- Published: 2008-12-03T16:44:33+00:00
- Author: Howard Lake

In [British charities no haven for laid-off bankers](http://www.reuters.com/article/lifestyleMolt/idUSTRE4B202P20081203?pageNumber=3&virtualBrandChannel=10341),
Reuters reports that “People dumped from finance jobs who hope to find employment
in the voluntary sector may have to reconsider, because as Britain slips into recession,
ailing charities are struggling to absorb the unemployed.”

I had a wry smile when I read that, thinking that the last thing the charity sector
needed was some allegedly contrite ex-bankers offering to apply, in return for a
salary, their debateable business skills to one of the sectors that is going to 
have to spend years digging itself out of the hole they dropped us in.

On the other hand, perhaps you could argue that these bankers have ably demonstrated
their ability to run a non-profit business, but at least charities always intend
to run on a non-profit basis.

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Of course it’s not as simple as that and I accept that many people in the financial
services industry had no direct hand in causing this chaos.

Still, the Reuters article shows, with charities making job cuts, it’ll be a while
before many of them take on new staff, with or without financial services ‘expertise’.

 * **[A quick crunch survey](https://fundraising.co.uk/2008/12/06/quick-crunch-survey/)**(
   6 December 2008)
 * **[Gift Aid supporting running costs](https://fundraising.co.uk/2009/02/19/gift-aid-supporting-running-costs/)**(
   19 February 2009)
 * **[Steep increase in direct debit donation cancellations in 2007-08](https://fundraising.co.uk/2009/03/10/steep-increase-direct-debit-donation-cancellations-200708/)**(
   10 March 2009)