Benefits

TimeBank's Employee Volunteering programmes - a win-win solution to building lasting success.

A growing body of research and analysis now supports the case for investing in employee engagement in the community. These findings reveal that employee volunteering programmes help organisations benefit from:

Enhanced reputation and credibility

Employee volunteering helps you build social capital by improving your company’s image in the community. It also helps to increase your attractiveness as a recruiter - graduates are more attracted to firms that exhibit good corporate citizenship.

Improved staff retention, morale and performance

Community involvement can generate increased morale, motivation, commitment and performance. In addition, employees can bring back new skills and ideas to the workplace which can improve creativity.

Added value to existing training and development programmes

Our own survey, involving over 3,000 UK employers and employees, showed that 94% of employers think that employee volunteering has added to the skills of their workforce.

Effective change management

An employee volunteering scheme is an effective way to encourage fresh perspectives and inter-departmental cohesion, bringing together people from all levels.

Sources:

Volunteering – The Business Case (Andrew Wilson and Francesca Hicks of Corporate Citizenship - published by the City of London, May 2010)

The Career Benefits of Volunteering (Research commissioned by TimeBank and carried out by Reed.co.uk, involving over 3,000 UK employers and employees - June 2009)

Using Corporate Social Responsibility to Win the War for Talent (C.B. Bhattacharya, Sankar Sen and Daniel Korschun – 2008)