The Value of Volunteering: Why Giving Back is an Investment

Value of volunteering is symbolized by child dropping coin in piggy bank

Volunteering is a great way to be selfless, and it’s also a boon for your team. Through volunteering, you’ll see long-term benefits for retention and productivity. And when you go virtual, you’ll save on travel and hotel costs. In fact, the value of virtual volunteering can’t be overstated. It’s an investment in your company that will set the stage for future growth and connection.

Here are 3 reasons remote volunteering is more than worth the price.

The Value of Volunteering

Cut Travel Costs

In order to volunteer in person, you sometimes need to travel. But traveling expenses can quickly add up when your employees live far away. Plus, some opportunities are costly solely because they take place over several days. Fortunately, remote volunteering allows all your employees to contribute from home more easily and at a reduced price. 

Decrease Turnover

One of the most expensive costs for a company is related to turnover, which can add up to millions of dollars a year. Fortunately, remote volunteering has been shown to decrease turnover by bringing employees together and giving them a purpose. When a team feels better connected, they’re more likely to stay together and grow with their company. In turn, that company will spend less on hiring new trainees—and money saved is money earned.

Improve Productivity

Happier employees are more productive employees. And one of the easiest ways to improve employee engagement is by volunteering. Volunteers feel better supported and more connected. And when their volunteering takes place remotely, they can reach a larger number of charities and nonprofits. Plus, by utilizing their talents and time toward causes that matter, employees will have more energy and enthusiasm to put back into other work projects.

Final Thoughts on the Value of Volunteering

Doing good makes a team feel good; generosity is its own reward. But there’s another benefit to volunteering, which comes in the form of monetary value. Supporting a charity allows you to meet corporate social responsibility goals while keeping employees motivated and happy. 

If you want support in planning your own virtual volunteer event, reach out to Generus today!

 

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