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
“If Wendy’s wants to stay competitive, it needs mouthwatering vegan options—not another animal on the menu,” PETA president Tracy Reiman stated.
14 minutes ago
With a net worth of $7.1 billion, Spielberg would have shelled out an estimated $355 million in taxes if the levy were passed. 
17 minutes ago
"In the meantime, it's going to be very disruptive. It's going to be painful for a lot of people," he claimed.
2 hours ago
Several major companies have pointed to AI as the major factor behind their workforce reductions.
1 day ago
Reports estimate workers will soon push back against losing their jobs to AI.
2 days ago
The contestant came close to winning it all, but her mistake came right at the very end.
2 days ago
The retailer has often brought back items after a long gap, and the strategy usually always works.
2 days ago
From a sales perspective, Walmart has been on top for several years thanks to high revenue.
2 days ago
He believes that only the global elite will benefit from AI's growth on almost every single front.
2 days ago
He claimed that traditional ingredients had been replaced with cheap substitutes.
2 days ago
"So, they will always point the finger at the president and say it's his fault and not take the blame," they said.
3 days ago
"All it took was a president willing to impose tariffs, willing to present manufacturers with the appropriate economic incentives," they said.
3 days ago
The contestant was feeling good about his chances but ended up with nothing.
3 days ago
Several large-scale projects will be undertaken as part of the deal.
3 days ago
Stuart Russel says companies are playing Russian Roulette with humans, and governments should step in.
3 days ago
Healthcare providers cited rising costs and denied reimbursements as the reason for the shortfalls.
3 days ago
The affected products have been recalled as the FDA conducts a full-scale investigation.
3 days ago
The customer had to fight for the product that she was willing to purchase.
4 days ago
“It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve system," Hassett stated.
4 days ago
The case is notable as it shifts focus from content responsibility, protected under Section 230 of the Communications Decency Act.
4 days ago