Australia’s most innovative NFPs revealed
The 2018 GiveEeasy Innovation Index has revealed Australia’s most innovative NFPs
The 2018 GiveEasy Innovation Index has reported a 2.7 per cent increase in innovation performance for Australian not-for-profits in the last 12 months.
The Index revealed an innovation score of 66.0 — up from 63.3 last year and 58.3 in 2016, with the most innovative NFP being Burn Bright followed by Cure Brain Cancer Foundation and Culture at work.
Burn Bright is a social enterprise that works to deliver student leadership, wellbeing programs and national camps for schools and young people across Australia.
Andy Skidmore, CEO of Burn Bright, said in the report that it’s all about starting with a strong vision and building an inclusive culture that naturally embraces innovation.
“Young people are constantly pushing the edge of what’s new and interesting. It forces us to stay innovative. The way we deliver our leadership programs has to be relevant, cutting edge and stimulating,” Skidmore said.
In order to keep the index relevant, GiveEasy continues to build on the existing framework. This year they added questions on employee engagement to see whether innovative employees were more engaged.
Jeremy Tobias, CEO of GiveEasy, said: “The resounding answer was YES. Engaged employees are more likely to be innovative and an innovative organisation is more likely to motivate and engage their employees.”
While the innovation within the sector is growing steadily. Increasing in eight points from 2015 to 2018, there’s one area that still requires significant work – rewards and recognition. It’s the area that has seen the smallest increase in the past four years.
“Rewards aren’t all about money and our tips highlight how you can reward and recognise innovation in your Not-For-Profit without breaking your budget,” Tobias said.
Tobias said of this year’s index: “This year we have researched examples and provided case studies of how leading organisations and Not-For-Profits are approaching innovation in our rapidly changing environment.
“For three years in a row, the results have clearly shown that funding isn’t required to innovate. Rather, innovation drives funding.”
The index measures eight key areas; culture, organisational velocity, technology, external collaboration, internal collaboration, stakeholder centricity, rewards and recognition and innovation focus. This year over 1,000 respondents took part, indicating their level of agreement with 32 statements regarding their organisation’s innovation capability based on a 0 – 10 scale of agree/disagree.