Unused volunteering days cost employers £5k+ per person a year, research suggests

Summary

According to recent research, failing to utilise volunteering days can set employers back over £5,200 per employee annually. Despite 62% of businesses offering such days, a staggering 140 million hours went unused in the past year. This lack of engagement not only costs businesses money but also misses the opportunity to enhance employee wellbeing and productivity.

Source: HR Magazine

Key Points

  • Maximising volunteering days could lead to a productivity boost of over £5,239 per employee per year.
  • Many companies report unused volunteering hours, pointing to a lack of employee awareness and engagement.
  • Effective volunteering programmes need to align with company purpose and culture to drive participation.
  • Practical steps for HR include promoting micro-actions and creating team volunteering opportunities.
  • New initiatives, like a volunteering marketplace, aim to connect employees with local volunteering opportunities.

Why should I read this?

If you’re into keeping your team engaged and happy, this article is a must-read! It sheds light on the hidden costs of unused volunteering days and how optimising them can significantly enhance productivity and workplace culture. Plus, who wouldn’t want to ensure that every penny spent on employee benefits is put to good use? We’ve done the legwork for you, so dive in and discover how you can make volunteering count!