10 Benefits of Corporate Volunteer Programs
Wednesday, December 22nd, 2010According to recent studies, customers really respond when companies are involved in helping their communities, with a direct result to revenues. In this economy, with social funding being cut out of state and federal budgets, volunteers are more vital than ever to thousands of non-profit organizations nationwide.
Here are 10 benefits of implementing a corporate volunteer program:
- Employee volunteer programs allow corporations to develop more personal relationships in their communities, by sharing their human resources with non-profit organizations in need.
- According to a 2003 study called Good Companies, Better Employees, employees that participate in company-sponsored volunteer programs think more highly of their employers, with 63% calling it a great place to work compared to other companies.
- The same study reveals that 67% of employees who participate in volunteer programs are fairly or very satisfied with their jobs.
- These employee/volunteers also speak more highly of their employers to others, with 54% saying nice things vs. 49% of non-volunteers.
- Volunteer activities strengthen work teams, build employee skills and contribute to professional development.
- Employers see higher retention rates for employees who participate in volunteer activities. In addition, they are more likely to pursue promotion and development opportunities after volunteering.
- Employers can enjoy a higher level of workforce skills when employees volunteer. A 1998 study showed competency improved 14 to 17 percent as a direct result of volunteering.
- 51% of employees surveyed in 2007 said they believe an employee volunteer program is the greatest contribution a company can make to a non-profit organization. In contrast, only 37% named financial donations and 8% mentioned product donations as the greatest contribution.
- Corporate-sponsored volunteer events raise visibility in the community. Businesses benefit from positive perceptions and free publicity. Good-news stories about employee volunteers often generate greater media coverage, too.
- Employee volunteer programs help attract new employees. 62% of 18- to 26-year olds said in the 2007 study that they prefer to work for companies that provide opportunities for them to apply their skills to a non-profit organization’s benefit.