Evidence shows that corporate volunteering programmes increase both employee loyalty and engagement by 72%2 which is a staggering figure when you consider that only 20% of employees report feeling engaged at work.3
This feeling of engagement can reduce absenteeism by up to 41%3 and for companies dealing with 2023’s number-crunching challenges, volunteerism presents a low-hanging solution.
Choosing the right programmes to undertake is critical for capturing this engagement opportunity. Volunteering activities should always match the company’s core mission and ideally support the vision that the products and services seek to solve. For example, Salesforce provides 1% of the company products for free to communities that would otherwise not be able to access them. This also provides a long-term value because, as the company grows, so can the philanthropic impact.
Medical studies show that being altruistic increases serotonin and makes us happy4 so, from an employee engagement perspective, volunteerism is a no-brainer. It offers a sense of well-being, connections to the community and an overall purpose. For people working in hybrid or remote roles, volunteering can also be an opportunity to get together and connect as a team.