Getting Budget For Your Corporate Volunteer Event

Getting Budget For Your Corporate Volunteer Event

So you want to throw a volunteer event for your company? Congrats! You're awesome for having the initiative to put an event together that can do some real good in the world. As you may have discovered, throwing a good volunteer event can be challenging and time-consuming when it comes to logistics, finding a good non-profit partner, event management, media, and making sure your team will actually be making a significant impact. This is likely why you and many companies have come to WeHero to handle all of this for you. But what if you didn't budget for a custom volunteer experience for your company and have concerns if you can get budget down the road? We're here to help you create the best volunteer experience possible and that includes supporting you to get the budget your event deserves. For starters, here are a few tips on how you can get budget for your volunteer event:

‍Add your volunteer experience to an existing event or program with a budget. We've seen great success with this. A company came to us with trouble getting the budget for volunteer experiences for their team. They then looked for other events they could make the volunteer experience a complement of. Now, volunteer events are part of all their employee onboarding and training events, creating a warm welcome for groups of new employees.

Time is money. Explain the value of time and the savings this will give you. So often we hear that the greatest challenge is finding the time in an already busy schedule to plan a good volunteer event. It's time-consuming to identify a good non-profit partner and organize all the event details around it. Often times, a volunteer solution can save you not just precious time but money as a direct result. You can do what you do best and WeHero can handle the rest.

‍Help the budget holder understand the benefits of volunteering for the company as a whole. The average employee turnover rate of all U.S. industries is 15.1%. In some cases, these employees are top performers. Replacing top performers can cause service disruptions for your customers and requires a substantial amount of financing, extensive training, employee workload balancing, and handling cultural shifts. WeHero looks at how this turnover impacts your company’s bottom line. For jobs paying $75,000 a year or less (which is about 9 in 10 U.S. workers), the typical cost of turnover is 20% of the employees’ salary. For top-level employees, it can cost closer to 150% of the employees’ salary. What does this mean for your company? For just the employees that are making $75,000 or less in your organization, it’s costing you on average $15,000. 79% percent of employees want to work for a company that gives back in a meaningful way and employees are 59% less likely to look for a job in the next 12 months if they're volunteering with your company's support. Volunteering doesn't only impact your retention, but your company's brand sentiment, culture, and yes even sales. Let us help you build a better company!

We hope these ideas support you in getting budget for your volunteer event. Want more ideas or looking for more support on getting budget for your event? Talk to a member of our team! We'd love to help.

To learn more about WeHero Volunteer Programs visit here.

Happy Giving,

The WeHero Team