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
Rick Harrison has been wrong about some items in the past, and once even doubted himself.
11 hours ago
Fans of some shows can be quite brutal in their assessment and they don't shy away from expressing it.
13 hours ago
Ken Jennings might be extremely smart, but even he had to concede defeat to technology more than a decade ago.
15 hours ago
While most Sharks were out, the founder of Dirty Cookie, Shahira Marei, found her perfect partner.
16 hours ago
Some entrepreneurs need a little push and there's no one like a mother to do that.
1 day ago
The player effortlessly swept the game and Carey was impressed but couldn't respond to the offer.
1 day ago
Richard Benjamin Harrison was very impressed with what the guest had brought to the show, but remained calm.
1 day ago
Jennings is a legend of the game himself and he has a lot of respect for other successful players.
1 day ago
Harrison was ready to make 'the biggest buy in Pawn Stars history' for the item.
1 day ago
This wasn't the first time that fans were upset about contestants not recognizing a well-known personality.
2 days ago
The watch was sold four years after it came to the show for a massive amount of money.
2 days ago
Many fans also mentioned how they were themselves unable to solve it.
2 days ago
Things could have ended up quite nasty had he connected his boot with the host's face.
2 days ago
One of the things that made the record so valuable was the signature of a late, great drummer.
3 days ago
No one expects to see someone intentionally drop their phone in the toilet, but that's what we got.
3 days ago
The experts were certainly intrigued as they had probably never appraised a food item before.
3 days ago
He loved the item from the moment it arrived in the store, and wasn't going to let it go that easy.
3 days ago
The guest told his mom that they were going to spend the weekend in Acapulco after the big appraisal.
3 days ago
After making his ring debut in 1984, James Harris was nicknamed 'The Ugandan Giant.'
4 days ago
It's not always the successful ones that get all the attention, some contestants become infamous too.
4 days ago