In today’s competitive job market, offering a good paycheck and standard benefits like health insurance and vacation days is no longer enough to make a company stand out. Additional perks, such as volunteer time off (VTO), can make a significant difference.
What is volunteer time off?
Volunteer time off (VTO) is a work benefit that allows employees to take paid time off to do service-based work with local non-profit organizations. This benefit is separate from other types of paid time off, such as vacation days and sick leave.
VTO is an effective way for businesses to demonstrate their commitment to corporate social responsibility and support nonprofits beyond monetary donations. Many companies use corporate volunteering software to track and manage their team’s volunteering initiatives, providing insight into the impact of their work on local nonprofits.
Benefits of volunteer time off
Offering VTO comes with financial costs, but the benefits for businesses of all sizes are significant. VTO can lead to stronger hiring outcomes, increased employee retention, greater corporate brand visibility, and improved employee wellbeing.
Types of volunteer time off
With many nonprofits in need of help, there are several ways employees can use their VTO benefit based on their personal interests and causes that matter to them, including skills-based volunteering, advocacy and fundraising, and social activities.
How to implement volunteer time off
Whether starting a new company VTO program or revamping an existing one, clear policies, starting small, implementing tracking software, and communicating with the team are essential best practices.
Top software for managing volunteer time off
Volunteering tracking software helps businesses increase employee engagement and participation in charitable programs and events. Some leading corporate volunteering platforms include Alaya by Benevity, Chezuba, Millie, Deed, and Selflessly.
Inspire change by taking action
Ultimately, whether employees choose to take up the opportunity of volunteering or not, providing company-approved volunteer time off has numerous internal and external benefits. It allows employees to contribute to their community meaningfully, and the ones who choose to give some of their time back to the community can feel good knowing that their efforts have made a difference.
Find a non-profit organization that aligns with your business values and goals and set your employees up for successful volunteering opportunities.