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  • June 29, 2016

Benefits of Employee Volunteer Programs

  • Written by Printing Professional

There are many benefits of having employees volunteer together. Aside from helping the community, a study by PricewaterhouseCoopers (PWC) have shown that corporate volunteering programs actually help employees become increasingly passionate about their work within the company and in the community.

Increased Job Satisfaction

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Statistics gathered by Junior Achievement show higher approval rating for companies with volunteer programs and also increased job satisfaction that went from 64% to 67%. Also positive words about employers rose from 49% to 57% once the programs were offered.

Higher Retention Rates

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According to a study by Michael Tuffrey – Good Companies, Better Employees – employees who participate in volunteering are more “prone to pursue promotion and development activities” than those who don’t. In reasons employees leave a company – lack of relationships/friendship with co-workers and overall corporate culture are listed in the top ten. And America’s Charities also found “88% of employers believe effective employee engagement programs” – such as volunteering – help retain employees.

Attracting New Employees

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Studies by Junior Achievement show about 62% percent of workers under 30 years old prefer to work for a company that provides opportunities for them to apply their skills to benefit nonprofit organizations. And according to Ryan Scott, a writer at Forbes, “Millennials want to volunteer together and feel connected through a shared passion for their company’s cause work, ideally through initiatives that help their surrounding community.”

Corporate Benefits

Independent Sector estimates, an hour of volunteer time in 2013 was worth $22.55 per hour. Using the U.S. Bureau of Labor Statistics’ data if 50 employees volunteer 400 hours a year, that’s about $8,856 worth of volunteer time. Company volunteer programs are steadily becoming the center of company’s social responsibility initiatives over the last decade as well as an important business strategy.

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