ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Here's why Leading Tech Firms are Adopting Employee Volunteering Programs

Explore how Cisco and Salesforce leverage volunteering to enhance employee retention, well-being, and engagement.
PUBLISHED MAR 9, 2024
Cover Image Source: Volunteering programs can help in employee retention (representative image) | Pexels | Photo by Pixabay
Cover Image Source: Volunteering programs can help in employee retention (representative image) | Pexels | Photo by Pixabay

In an era where well-being at the workplace is a priority, employee volunteering programs have gained prominence as leading firms recognize their positive influence on worker retention, well-being, and overall engagement. A closer look at industry leaders such as Cisco and Salesforce reveals key insights into crafting successful initiatives that not only benefit communities but also foster a sense of purpose among employees.

 Cisco Systems | Getty Images | Photo by Justin Sullivan
Cisco Systems | Getty Images | Photo by Justin Sullivan

At Cisco, leadership plays a pivotal role in driving successful volunteering programs. Kelly Petrich, Director of Global Community Impact, emphasizes the importance of leaders acting as volunteering role models. Cisco's leaders actively engage, share experiences, and champion community service, per Fortune. This approach ensures broad employee participation, making their program a resounding success.

Cisco's success isn't solely attributed to leadership. The company understands that offering diverse volunteering options is essential to cater to employees' interests and passions. By partnering with philanthropic organizations and allowing employees to choose their paths, Cisco ensures a personalized and meaningful volunteering experience. From urban farming to library assistance, the array of options deepens the impact and resonates with employees' purposes.

Recognizing and celebrating employee-led acts of kindness further enhances the impact of volunteering initiatives. Cisco acknowledges the importance of recognizing acts that extend beyond formal organizational partnerships. This approach helps create a culture of appreciation and reinforces the positive influence of volunteerism.

Salesforce, with a 75% employee participation rate in its volunteering program, adopts an inclusive approach. Relina Bulchandani, Executive Vice President, emphasizes the need for intentional and flexible volunteering programs. Salesforce's offerings include both on-site and off-site opportunities, providing employees with choices that align with their schedules and preferences.

People working at workplace | Pexels | Photo by fauxels
People working at workplace | Pexels | Photo by fauxels

The digital age brings a shift towards online volunteering opportunities. Approximately 86% of companies with over $2 billion in revenue offered online volunteering in 2022, reflecting a 6% increase from the previous year. Virtual volunteering, ranging from teaching to offering professional skills pro bono, provides flexibility and accessibility, aligning with the evolving nature of work.

While workplace wellness programs face scrutiny for their impact on employee contentment, employee volunteering programs stand out. Studies reveal that volunteering is the only benefit of improving well-being by eliciting a sense of purpose, success, recovery, and social resourcefulness. Workers participating in workplace volunteering and purpose programs are 52% less likely to leave their companies, emphasizing the tangible positive outcomes of these initiatives.

Creating accessible volunteering programs is crucial for success. Employers should consider the varied needs and preferences of their workforce, ensuring that participation is easy and intentional. Salesforce's Bulchandani highlights the importance of ease, frictionlessness, and intentionality in designing programs for the new world of work.

Corporate trends indicate a rising focus on employee engagement programs incorporating volunteering. Benevity's 2024 State of Corporate Volunteering report reveals that 94% of companies with employee engagement programs include volunteering, showcasing a significant increase from the previous year. The integration of volunteering aligns with companies' efforts to strengthen connections with their workforce.

MORE ON MARKET REALIST
The report paints a picture of how the future of work may look like.
14 hours ago
Some of the largest Fortune 500 companies across sectors have announced job cuts this year.
15 hours ago
The rise in AI stocks has been triggered by remarks made by Fed officials indicating a greater chance of a rate decrease next month, he warned.
15 hours ago
The Iceberg Index suggests AI could have a $1.2 trillion impact in wage value.
19 hours ago
The experts addressed that after 11 months in office, Trump is seen as accountable for the economy and inflation rates.
1 day ago
According to Wright, the growth in property prices will be "flat" by year's end, with a continuing slowdown already apparent.
1 day ago
The matter of healthcare has become a part of the wider affordability issue Americans face today.
2 days ago
This was perhaps one of the rarest instances in the show's long and storied history.
2 days ago
While share prices are down, there are a lot of things that one needs to consider before investing
2 days ago
Ray had given his twin a piece of advice, but he emphasized the importance of having fun on the show.
2 days ago
The contestants did not let the host off the hook easily, and Harvey was not too comfortable.
3 days ago
This is not a good look for the supermarket chain as infants' lives are at stake.
3 days ago
The protestors have voiced their concerns over the companies bowing down to the President's demands.
3 days ago
Albert Edwards has warned that there are some key elements which will make the fallout worse.
3 days ago
Recent reports suggest that while Walmart's sales have grown the last quarter, Target's are down.
3 days ago
The question might have been risky but everyone on the set seemed to have a great time with it.
6 days ago
Bonus Round winners are becoming few and far in between of late on the show.
6 days ago
The supermarket chain has never opened its doors on the festive day in the last five years.
6 days ago
This item was a favorite among shoppers, who were not happy when it was taken off the shelves
6 days ago
Reports suggest that the average price of a classic Thanksgiving meal has dropped considerably.
6 days ago