7 Employee Volunteer Program Benefits You Can’t Ignore
Employee volunteering programs are born when a company has a vision for the future and compassion for the community their organization resides within. This mission thrives when employees share a similar vision and have the right means to support it. The stats below tell a story of how such a program can support the health of your company as a whole. Whether you have a successful corporate philanthropy program, wish to have one or simply can’t see the justification of implementing such, these findings should always be on your mind.
64% of employees who currently volunteer said that volunteering with work colleagues strengthened their relationships.
Working on a team, no matter the size, means there will eventually be a difference of personalities or opinion during a project. What helps people overcome those moments is the rapport they build in the meantime. When asked about workplace failures, 97% of employees cite lack of collaboration or ineffective communication as the root issue. Employee volunteering does far more than help connect to the community, it helps your employees connect with each other.
78% of people who volunteer say it lowers their stress levels.
Even more, employee volunteering programs are linked to greater workplace productivity and satisfaction. That’s right, in addition to a better team dynamic, individuals feel more prepared to handle everyday workloads. Volunteering that’s sponsored by your company or planned as a team project, instills positivity in the workforce. A well-designed corporate social responsibility program can increase employee engagement up to 7.5%, productivity by 13% and reduce turnover by 50%.
64% of employees say opportunities to support causes or issues they care about is as important as wellness programs or tuition reimbursement.
Though Millennials are some of the biggest advocates for corporate social responsibility programs, they aren’t the only generation of workforce who is interested. In fact, 78% of employees say they want to be an active participant in helping their company improve its responsible business practices, which means companies do not have to do it alone.
90% of HR executives agree that contributing business skills and expertise to a non-profit can be an effective way to develop leadership skills.
Often, when we think of “volunteering” we think of giving time, but non-profits are also interested in skilled pro-bono work. Adapting your workers’ talents to the needs of these non-profits will help the community and provide further skill development. The stretch outside of their comfort zone often leads to better creativity and, as the above HR executives witnessed, a build in leadership. If you think there’s no way your company has transferable skills, think again. Think: graphic design, web development, project management, strategy development, financial planning or even event planning.
88% of Millennials feel their job is more fulfilling when they are provided opportunities to make a positive impact on social or environmental issues.
When asked what they expect to be the greatest challenge their current employee giving program will soon face, 92% of respondents said addressing the arrival of Millennials was their top. This socially aware generation has a clear idea of how their career and personal life should intertwine. This self-awareness means they have expectations from their employer that are unlike any previous generation. In fact, 55% of employees would choose to work for a socially responsible company, even if the salary was less. The reputation of the employer and how that organization approaches community involvement is no longer something companies can ignore.
The average corporate volunteer participation rate is 31%.
While many organizations are aware of the importance of corporate social responsibility and find ways to offer a program to their workforce, participation rates are lackluster. The good news is 79% of companies experienced increased participation when they opened their corporate social responsibility program up to include more charity choices. Allowing employees to select the non-profit they work with will mean they have emotional connections to the work being done.
85% of employers surveyed use technology to provide information to employees.
Interestingly, when asked what their employer could do to make the company giving plan more effective, 44% of employees would like ways to more easily find information on local, national and international charities. These findings show that while companies are on board with technology as a means to communicate their corporate social responsibility program details, the implementation is not as effective or efficient as it could be. If employee participation isn’t hitting the mark, it might be time to consider the ways in which you are getting program details out.
Did that last statistic have you a little nervous about your current approach to corporate philanthropy software or technology? With CyberGrants, employee engagement and participation are only a few clicks away. See how we can help your team make an impact on the world.