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Corporate Volunteer Grants Employee Engagement

How Corporate Volunteer Grants Can Increase Employee Engagement

Employee engagement is generally defined as the emotional and functional commitment an employee has to achieving the mission of the organization. At most companies, there’s a lot of lip service paid to making sure employees are engaged. But have you ever wondered why? Have you thought about strategies companies can use to increase employee engagement?

Basic Facts about Employee Engagement

To better understand employee engagement, we turned to Dale Carnegie Training which has done extensive research into the topic. A few key insights include:

  1. When an employee is disengaged, there is a high likelihood that this individual will seek employment elsewhere.
  2. 71% of employees are not fully engaged.
  3. Companies with engaged employees outperform other companies by about 202%.

When employees feel a strong connection to their company, they are likely to be more engaged, and thus less likely to leave. Disengaged employees tend to view their job as nothing more than a paycheck.

Learn more about why employee engagement is so important.

So, how do you engage your employees?

There are four traits that engaged employees exhibit:

  1. They are inspired
  2. They are confident
  3. They are enthused
  4. They are empowered

While there is a wide array of actions a company can take to help its employees become more engaged, we’ll discuss one very important action in this article: corporate volunteer grants.

Corporate Volunteer Grants

Corporate volunteer grants are a type of giving program that encourages employees to volunteer in the communities in which they live and work. Employers provide monetary grants to eligible nonprofits whenever an employee takes time to volunteer.

These grants are generally paid out in two ways:

  1. A set rate per hour of volunteering (i.e. $10 per hour, with a minimum of 10 hours)
  2. A set rate once a certain volunteer threshold has been reached (i.e. $250 once an employee has volunteered 20 hours)

Of course it’s important to remember that these payment structures vary from company to company.

Learn more about employee volunteer grants.

How will volunteer grants increase employee engagement?

It has been shown that employers that not only offer volunteer opportunities but also encourage and participate in them are more likely to have employees with the same shared sense of philanthropy.

Employees are proud to work for a company that involves itself in the community and are more likely to bring a good name to your business via volunteer activities.

Need numbers?

  • A study by Dale Carnegie surveyed 1,500 employees and found that 54% of employees who were proud of their company’s contributions to society were engaged.
  • A Lloyd Morgan survey of 50,000 employees showed that by increasing employee engagement levels, organizations could expect an 87% reduction in employees’ probability of departure.
  • A Deloitte survey suggests that 61% of millennials who rarely volunteer would still consider a company’s commitment to giving back to the community when evaluating job opportunities.

Check out these other ways to increase employee engagement.

Group volunteer activities

Another good method of increasing employee engagement is to encourage group volunteerism.

Group volunteerism increases camaraderie amongst employees who may not usually speak to or see each other. It also increases employee engagement by producing a shared sense of purpose amongst coworkers.

Some companies take it a step further by providing grants when teams of employees volunteer together. It’s a great way for companies to support the organizations which employees are passionate about.

Learn more about team volunteer grants.

When companies implement programs like corporate volunteer grants and group volunteer activities, the most immediate benefit is that a local nonprofit has received the donations and time of individuals who deeply care about their causes.

However, the secondary benefit is that corporate volunteer grants can help boost employee engagement by producing a shared sense of purpose amongst employees and between them and the company.

For more information about employee engagement, check out these best practices.

Matching Gift Acknowledgement

Increase Employee Engagement With Corporate Giving

The importance of employee engagement, which is defined as the emotional and functional commitment an employee has to his or her organization, cannot be overstated. Companies with engaged employees outperform those without by up to 202%!

Engaged employees are also happier, stay with companies longer, and are more philanthropically minded.

Check out more reasons why employee engagement is important.

While the benefits are clear, employee engagement is a struggle for most companies, with over 71% of employees reporting that they are not fully engaged.

How can you use corporate giving programs to increase your employees’ engagement?

Three Key Drivers of Employee Engagement

It’s said that employees don’t leave companies, they leave people, and it’s true. Many of the reasons employees claim they aren’t engaged in their company have to do with people.

Three drivers of employee engagement include:

  1. Employees’ relationships with their direct managers: 80% of employees who were dissatisfied with their direct manager were disengaged.
  2. Employees’ belief in senior leadership: 70% of employees who lack confidence in the abilities of senior leadership are not fully engaged.
  3. Employees’ pride in working for the company: 54% of employees who were proud of their company’s contributions to society are engaged.

How Can Companies Increase Employee Engagement?

Although Dale Carnegie highlights five great tips for employee engagement, we’ve added a few ideas which our research has shown enhances employee engagement:

  1. Senior leadership must articulate a clear vision to all employees. Without a clear goal, employees will not know what they’re working toward.
  2. Employees should be encouraged to openly communicate and influence the company’s vision with their input.
  3. Direct managers should foster healthy relationships with their employees.
  4. Senior leadership should continuously demonstrate that employees have an impact on their work environment.
  5. Managers should show employees that they are valued as true contributors, giving them a sense of empowerment.
  6. Managers should organize and encourage team volunteerism in communities as a way of giving back and encouraging social interaction outside the office.
  7. Companies should give back to local nonprofits. Corporate giving programs, like matching gift programs and volunteer grants, are a great way for corporations to support organizations that employees care about.

Learn more about how you can increase employee engagement.

 

How Companies can use Corporate Philanthropy to Increase Employee Engagement

Companies can help keep employees satisfied in any number of ways. But did you know that companies can boost employee engagement and help the community at the same time?

  1. Offer employee giving programs. Nearly two thirds of Fortune 500 companies offer a matching gift program that makes employees’ charitable contributions go twice as far. Matching gift programs help engage employees by showing them that the company not only encourages donating but takes part in it as well. Employees can feel proud knowing that their employer gives back.
  2. Encourage volunteerism. Whether a company offers paid time off for employees to volunteer or encourages employees to team up to participate in fundraising events, employee engagement can skyrocket when volunteerism is part of a company’s philanthropic culture. Allowing employees to band together to better the community helps them feel like the company supports them and will boost their dedication.
  3. Offer volunteer grants. Volunteer grants are donations that companies make to nonprofits after an employee has volunteered for a certain amount of time. Volunteer grants demonstrate a company’s commitment to helping worthy causes and instills a shared sense of philanthropy amongst employees, boosting engagement and satisfaction.

Why Corporate Giving Programs are a Win-Win for Everyone

Benefits of incorporating giving programs like matching gifts, volunteer grants, and volunteerism include:

  • Employees get to experience an enjoyable and rewarding team-building event
  • The corporation gets to give back to the community
  • The corporation’s reputation in the community is enhanced through positive press coverage and other channels
  • The nonprofits receive volunteer support and/or additional funding

While there is a multitude of ways to increase employee engagement, utilizing corporate giving programs can be one of the most beneficial for employees, companies, and nonprofits alike.

Learn more about using corporate philanthropy to increase employee engagement.

 

employee engagement

8 Results-Driven Reasons You Need Employee Engagement

Andrew Carnegie once said, “You must capture and keep the heart of the original and supremely able man before his brain can do its best.”

Although Carnegie wasn’t explicitly talking about employee engagement, this quote perfectly illustrates how vital it is to engage your employees so they will be happier and perform to the best of their abilities.

Unfortunately, employee engagement is sometimes an afterthought. Instead, engaging employees should be practiced at all levels of the business hierarchy and cultivated on a regular basis.

Studies show that less than a third of American workers are engaged at their jobs, so there is definitely room for improvement. But why exactly does employee engagement matter?

Here are eight reasons why employee engagement is vital to your company.

Employee Engagement Helps Cause Marketing

1. Employee Engagement Can Help Your Cause Marketing

If your nonprofit takes up a particular cause throughout the year or during a specific time period, having engaged employees is a must.

Nothing is worse than trying to get people on board with a cause they don’t care about or making them participate in an event that they don’t want any part of.

But engaged employees can be a boon for your company’s cause marketing efforts.

Engaged employees enjoy being part of a solution. They like to participate in events and volunteer with nonprofits.

Employees who are engaged at work will be more than willing to help out when the company they work for pursues a noble cause.

Better Engagement Means Better Productivity

2. Better engagement means better productivity

Corporations whose employees are engaged perform better than companies whose employees are not by over 200%.

When employees are engaged at work, they feel a connection with the company. They believe that the work they’re doing is important and therefore work harder.

According to Gallup, the lack of employee engagement costs American businesses anywhere from $450 billion to $550 billion a year when workplace accidents, absenteeism, and larger heath care costs are factored in. This massive chunk of money could significantly shrink if more companies emphasized employee engagement.

Engaged Employees are Less Likely to Quit

3. Engaged employees are less likely to quit

If you’re completely happy and content in a relationship, why would you break up with your significant other?

You probably wouldn’t.

The same principle goes for employees’ relationships with their employers. Nearly $11 billion is lost due to annual employee turnover.

But, if the members of your team are engaged and feel appreciated, they are less inclined to look for other employment opportunities. Fostering a culture of employee engagement can be the key to reducing turnover rates and boosting employee retention.

If employees feel needed and wanted when they go into work each day, the connections they form with the company and their other coworkers are not easily eroded. By cultivating and maintaining these relationships, you reduce the risk that your employees will quit.

Engaged Employees Bring a Positive Attitude

4. Engaged employees are positive

Workers who feel disconnected and disengaged are more likely to have negative things to say about your company. If a disengaged employee leaves or is fired, they are able to vent their frustrations on any number of social forums and sites.

Because negative feedback tends to be magnified more than positive, your company’s reputation and credibility could be damaged due to a single disengaged, disgruntled employee.

Conversely, engaged employees are positive and have enthusiastic things to say about where they work. Whether they are bragging about their job to customers or simply telling friends and family how much they enjoy working, employees who are engaged will help spread good news about your company.

Employees are Satisfied when they're Engaged

5. Employees feel satisfied when they’re engaged

Employee engagement isn’t just beneficial for your company, however. Employees who are engaged at work feel satisfied with their careers and are generally happier individuals than employees who aren’t engaged.

It’s important to remember that boosting employee engagement isn’t simply about creating more productive, robotic employees and increasing profits. Employee engagement is advantageous for both parties and should be treated as a two-way street.

One of the biggest advantages to increased employee engagement is that you’ll be surrounded by happy workers who enjoy coming to work nearly every day. Engaged employees are cheerful employees.

Engaged Employees are More Philanthropic

6. Engaged employees are more philanthropically minded

Employees who are engaged at work want to know that the company they work for cares about the community. If the company encourages volunteerism or provides matching gift or volunteer grant programs, engaged employees are more likely to take advantage of these opportunities to donate their time and money toward worthy causes.

Learn how to use matching gift programs to foster employee engagement.

By creating an atmosphere of corporate philanthropy, you can not only help employees contribute to nonprofit organizations, but you can also help them feel more engaged and fulfilled at work.

Discover the top ways corporate philanthropy can help your company increase employee engagement.

Engaged Employees are Better Communicators

7. Engaged employees are better communicators

Employees who care about their jobs are more effective communicators with their coworkers, leaders, and customers alike. Disengaged workers may mindlessly go through their day without remembering any of the conversations that they had (if they had any at all!).

Engaged employees, however, will engage each other in stimulating discussions that could turn into productive brainstorming sessions. Incorporating a culture of employee engagement can not only help employees connect with one another, but it can also help create new innovations and ideas.

Engaged Employees are More Creative

8. Engaged employees are more creative

All of the conversations that will spring up within your company because of increased employee engagement have the potential to make your employees more creative.

Disengaged employees rarely produce new solutions or bring innovative ideas to the table; they have little interest in contributing to the bigger picture or being creative with their job.

Engaged employees, on the other hand, find creativity to be essential. They thrive on knowing that they can find new ways of completing tasks and projects and are always looking for fresh takes on old ideas.

Learn more about increasing employee engagement.

By creating an atmosphere of employee engagement, you can not only boost productivity and profits, but you can also help your employees reach their full potential and look forward to coming to work each day. Your workers will feel more satisfied and content with their careers, and your company will benefit from higher productivity and profits.

Additional Employee Engagement Resources:

Matching Gifts Employee Engagement

The Impact of Matching Gift Programs on Employee Engagement

Philanthropy has become a core value of many American corporations. CEOs and corporate leaders see philanthropy as a major part of their commitment to society as well as a valuable benefit for their employees. It’s a way to give something back to employees and support causes that are important to them.

One of the biggest ways that corporate philanthropy manifests itself is in the  form of matching gift programs.

However, an important consideration for implementing, maintaining, or expanding a matching gift program should be its impact on employee engagement. Matching Gifts and Employee Engagement

What is Employee Engagement?

Employee engagement is typically defined as the extent to which employee commitment, both emotional and intellectual, exists relative to accomplishing the work, mission and vision of the organization.

Engaged employees work with passion and feel a strong connection to their company. Companies with high levels of engagement also see higher levels of employee retention.

Find out more about why employee engagement is so important.

Unfortunately the converse is also true. Disengaged employees feel distant from their organization and generally do not view their connection to their employers as anything more than a job.

They are less likely to commit time and effort to help the organization succeed. Studies show that disengaged employees are less productive than engaged employees.

A key driver of employee engagement has been reported to be an employee’s perception of the organization’s values. Without a positive feeling about the values of the organization, employee engagement will likely remain low.

At a time when employee engagement is on the decline and corporations are depicted as greedy and insensitive, a well-designed matching gift program can help companies show their employees that they care and have shared values. While this is not the sole driver of engagement, it is an important contributing factor.

Check out these companies that do a great job engaging employees through their corporate giving programs.

Common Themes of Effective Matching Gift Programs

  1. They are easily understood and communicated to employees.The Three Keys to Designing Effective Employee Matching Gift Programs
  2. They are easy for the corporation to administer.
  3. They are flexible enough to be utilized by employees in their desire to support nonprofits and causes of their choosing.

Check out these best practices for matching gifts!

An alternative approach is to construct the matching gift program in a way that garners and encourages support for causes that the organization chooses to champion. With this approach, corporate values are emphasized and reinforced for employees who share those values.

Conversely it can have less of a positive impact on employee engagement as it limits their choices to areas that the company values. This would be the case where a corporation focuses its matching gifts program exclusively in areas like education, for example.

Learn more about matching gift and other corporate giving programs.

Companies seeking to positively impact employee engagement should consider implementing a matching gift program that is broad in scope, easy to communicate, and demonstrates the shared values of the company and employees.

For other ways to increase employee engagement, check out these best practices.