Impact of Corporate Volunteering Programs on Business Success: 10 Key Statistics
Coralyn Musser
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Corporate volunteering programs have a significant positive impact on businesses, from improving employee morale to enhancing brand reputation and driving financial performance. Here are ten statistics with citations that illustrate these benefits:
1. Improved Employee Retention: Companies that have strong employee volunteer programs experience a 50% lower turnover rate compared to those without such programs.
Source: UnitedHealth Group, "Doing Good is Good for You: 2013 Health and Volunteering Study"
2. Increased Employee Engagement: Employees who participate in corporate volunteer programs are 28% more likely to be highly engaged at work.
Source: Boston College Center for Corporate Citizenship, "The 2020 State of Corporate Citizenship"
3. Enhanced Brand Reputation: 89% of consumers are more likely to buy from companies that support social and environmental issues, including corporate volunteering.
Source: Cone Communications, "2017 Cone Communications CSR Study"
4. Improved Job Satisfaction: 70% of employees report that volunteering boosts their morale more than company-sponsored happy hours or team-building events.
Source: Deloitte, "2017 Volunteerism Survey"
5. Better Employee Skills Development: 87% of employers say that skills-based volunteering helps employees hone their leadership and problem-solving abilities.
Source: Points of Light, "Service Unites 2017"
6. Stronger Community Relations: 95% of executives say that community engagement, including volunteering, helps strengthen relationships with local communities.
Source: CECP, "Giving in Numbers: 2020 Edition"
7. Higher Productivity: Employees who are engaged in corporate volunteer programs report a 13% increase in productivity.
Source: Deloitte, "2017 Volunteerism Survey"
8. Attracting Top Talent: 62% of millennials consider a company’s commitment to social responsibility, including volunteer opportunities, when deciding where to work.
Source: Deloitte, "Millennial Survey 2019"
9. Financial Performance: Companies with robust corporate social responsibility programs, including volunteering, experience a 20% increase in revenue and profitability.
Source: Harvard Business Review, "The Comprehensive Business Case for Sustainability"
10. Employee Well-being: 92% of employees who participate in corporate volunteer programs report higher levels of job satisfaction and well-being.
Source: PwC, "Future of Work: What Workers Want"
These statistics underscore that corporate volunteering programs are not just beneficial for the community—they also contribute to a healthier, more engaged, and productive workforce, which ultimately drives business success.
1. Improved Employee Retention: Companies that have strong employee volunteer programs experience a 50% lower turnover rate compared to those without such programs.
Source: UnitedHealth Group, "Doing Good is Good for You: 2013 Health and Volunteering Study"
2. Increased Employee Engagement: Employees who participate in corporate volunteer programs are 28% more likely to be highly engaged at work.
Source: Boston College Center for Corporate Citizenship, "The 2020 State of Corporate Citizenship"
3. Enhanced Brand Reputation: 89% of consumers are more likely to buy from companies that support social and environmental issues, including corporate volunteering.
Source: Cone Communications, "2017 Cone Communications CSR Study"
4. Improved Job Satisfaction: 70% of employees report that volunteering boosts their morale more than company-sponsored happy hours or team-building events.
Source: Deloitte, "2017 Volunteerism Survey"
5. Better Employee Skills Development: 87% of employers say that skills-based volunteering helps employees hone their leadership and problem-solving abilities.
Source: Points of Light, "Service Unites 2017"
6. Stronger Community Relations: 95% of executives say that community engagement, including volunteering, helps strengthen relationships with local communities.
Source: CECP, "Giving in Numbers: 2020 Edition"
7. Higher Productivity: Employees who are engaged in corporate volunteer programs report a 13% increase in productivity.
Source: Deloitte, "2017 Volunteerism Survey"
8. Attracting Top Talent: 62% of millennials consider a company’s commitment to social responsibility, including volunteer opportunities, when deciding where to work.
Source: Deloitte, "Millennial Survey 2019"
9. Financial Performance: Companies with robust corporate social responsibility programs, including volunteering, experience a 20% increase in revenue and profitability.
Source: Harvard Business Review, "The Comprehensive Business Case for Sustainability"
10. Employee Well-being: 92% of employees who participate in corporate volunteer programs report higher levels of job satisfaction and well-being.
Source: PwC, "Future of Work: What Workers Want"
These statistics underscore that corporate volunteering programs are not just beneficial for the community—they also contribute to a healthier, more engaged, and productive workforce, which ultimately drives business success.
