As a company, encouraging your employees to volunteer and even coordinating official employee volunteer programs has some very obvious benefits for your business:
- An increased presence in the community
- Advertising and outreach through sponsorships and employee volunteer presence
- Public’s perception of your company as a socially responsible community partner
- Professional networking
- Strengthening your community for better business opportunities
However, there are quite a few benefits of employee volunteerism that are often overlooked, but statistically reported at companies with employee volunteer programs across the world:
- Increased employee productivity and lowered rates of absenteeism
- Heightened workplace morale and employee satisfaction
- Higher employee retention rates
- More successful employee recruitment efforts
- More skilled work force, with employees gaining opportunities for professional development through volunteering
- Improved teamwork within departments and across department lines
- Overall happier employees that are proud of their company
A lot of these benefits can actually be seen on a company’s financial statements – and with the right measurement tools in place, can be tracked within your own company to report the financial benefits of employee volunteerism.