Academic journal article Manager

Who Doesn't Want to Be a Millionaire?

Academic journal article Manager

Who Doesn't Want to Be a Millionaire?

Article excerpt

Money, as Chaucer commented in his Canterbury Tales over 6oo years ago, is the root of all evil, and yet the list of millionaires in the UK seems to grow by the day. Those who attain this status probably would not counter their pleasure with the belief that all manner of wickedness is about to descend on their house.

There is also no end of applicants for Chris Tarrant's game show or contributors to the National Lottery, and until recently, no shortage of people willing to risk their hardearned savings on dotcom investments and other South Sea Bubble exploits. We are greedy and all want to be super rich. Whether this is an attribute by nature or nurture is slightly fizzy.

However, in reality there are few successful get rich quick schemes. Background, education, determination and hard work are still the bedrock of the financial elite, much as the inner city nurtures many of our footballers long before they are discovered. The long hours spent in the boardroom, perusing company reports, evenings at the Institute of Directors oiling the cogs of commerce or weekends answering reams of emails are usually amply financially rewarded.

So it may come as a shock to find that more and more well heeled, highly educated, certainly well paid managers, are eschewing the big bucks during their most lucrative years to go and work within the Not-for-Profit (NFP) sector for a good deal less pay. Why?

David Lale, director of Charity People, the largest recruitment consultancy in the UK specialising in the NFP sector says, "There is a well worn aphorism that you will not lie on your death bed bemoaning the fact that you did not spend more time in the office. "

In this ever-increasingly consumer-led world more and more people are reconsidering their priorities, and while many organisations in the non profit sector used to be run on a wing and a prayer, they are now more likely to be run with military precision by an Oxford first with a city background and a razor sharp financial brain. For instance, Edward Fox who is the marketing director of World Vision, a Christian charity, cut his teeth in service marketing and the world of fast moving consumer goods. His classically trained marketing expertise is reflected in World Vision's current status as the UK's most popular charity with teenagers.

Charles Nall, finance & administration director of The Children's Society, brought a set of skills to the position that was badly needed when he joined a few years ago. …

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