Let’s be honest, things can get busy. With multiple projects and deadlines to balance, the leadership team just doesn’t have the time to read a 10-page report, or listen to a 50 minute presentation, on why an EVP is worth investing into.

But, having your leadership’s support is key to a successful program.

Here are the data and facts that you need to persuade them in less than 5 minutes.

Why Volunteering Matters

• 58% of charities are fully run by volunteers
• 91% employ fewer than 10 full-time staff
• Most nonprofits rely on untrained employees (41%)
• While 77% of nonprofits are looking for corporate volunteers, only 12% currently work with corporate volunteers
• Value of volunteering = $27.20 per hour! That means 8 volunteer hours per employee at a 200-person company is equivalent to a $43,500 donation!

Your Employees

• 69% are not volunteering as much as they would like to
• 62% say they cannot dedicate time during the day to volunteering

Employee Recruitment & Retention

• 76% of individuals would choose to work for a socially responsible company even if the salary is less
• Volunteering can reduce employee turnover by 50%
• Employee volunteers are 1.5x as likely to stay at their job for the next two years
• 87% of companies reported it costs $15,000 to $25,000 to replace each millennial employee they lose

Employee Satisfaction

• 89% of employee volunteers reported increased job satisfaction
• 87% reported greater pride in their company
• 70% believe volunteer activities are more likely to boost employee morale than company-sponsored happy hours

Productivity

• 18% of American workers are actively disengaged in their work, costing $450 billion to $550 billion in lost productivity per year
• Happy workers are 12% more productive than average, while unhappy workers are 10% less productive than average
• The productivity loss of one unhappy employee who makes $65,000 is $75 per week or $3900 per year
• By doing good, volunteering can increase employee happiness, and subsequently increase productivity.

Mental Health

• Annual indirect cost related to lost productivity in CAD: $6 billion
• Number of workers unable to work due to poor mental health: 500k /week
• Absenteeism costs $3,537 a year for each salaried employee

ROI of Employee Volunteering

Download our FREE one-pager outlining the ROI of employee volunteering here.

The costs of an employee volunteer program include: 1) direct program costs and, 2) opportunity costs of volunteer time-off. For 8 hours of paid volunteer time-off for one employee, it would cost the company $249 a year. This may seem like a significant amount, however the benefits greatly outweigh the costs.

As mentioned above, some of the benefits of employee volunteering include: the economic value of volunteering, increased productivity, and improved mental health.

Taking only these three into consideration, an employee volunteer program has potential to bring in $13,354 worth of benefits. This is not including other benefits such as reduced employee turnover, which could save your company up to $25k in recruitment and training costs and lost productivity.

Getting Started

Starting a new volunteer program takes investment and commitment. Purposely is working closely with its early customers to make this process easy and personalized.

Companies signed up with Purposely are reporting increased volunteer engagement, ease of volunteer opportunity discovery, and increased buy-in from senior leadership. Let us show you how - sign up for a demo today!