Corporate social responsibility (CSR) is on the rise, which means workplace giving across companies all over the world is growing in popularity.
That said, many employees aren’t aware of their employers’ giving programs. Or in other cases, it’s difficult to participate in workplace giving because of how the program is set up.
That’s where workplace giving platforms come into play.
Using workplace giving tools, companies can efficiently manage their philanthropy programs, keep their employees engaged through easy participation, and boost the impact of their CSR initiatives.
In this article, we’ll outline the many ways in which workplace giving software can help companies like yours make the most of the giving programs you’ve already invested so much into. After all, when it’s easy for employees to participate, you’ll not only boost employee engagement levels and your CSR reputation, but also benefit nonprofit causes all over.
More specifically, we’ll discuss how workplace giving platforms assist with:
- Matching Gift Program Management
- Volunteer Program Management
- Other Workplace Giving Program Management
1. Matching Gift Program Management
Matching gift programs are one of the most common offerings companies have in terms of workplace giving.
By essentially doubling the donations their employees make to eligible nonprofits (based on the company’s guidelines), companies benefit nonprofits and help their employees make a difference in the causes they care about.
But running a matching gift program takes a lot of organizational power, especially if your company has several participating employees and many donations to keep track of.
In order to make it easy for employees to take part in your matching gift program, choose a workplace giving platform that allows you to:
- Track employee donations. Keep track of all employee donations in one central location so you can manage all of your incoming data more easily.
- Approve matching gift requests. Approve match requests automatically or with a single click based on minimum/maximum match amounts, eligibility requirements, and other guidelines your company has put in place.
- Engage your employees in giving. Engage your employees in the causes they care about by using workplace giving technology that’s easy to navigate, flexible, and shows your company cares about giving back.
- Track your impact. Workplace giving platforms should offer robust, real-time reporting so you can keep track of the social good your company is doing.
2. Volunteer Program Management
In addition to matching gift programs, corporate volunteerism is becoming a larger component of workplace giving. There are many forms that volunteerism can take, and as companies develop or expand their volunteer programs, the right workplace giving software can keep them on track for success.
In order to dive deeper into corporate volunteerism, we’re going to break it down into three categories: volunteer opportunities, volunteer tracking, and volunteer grants.
The first hurdle your company may encounter when developing a corporate volunteering program is actually finding volunteer opportunities for your employees.
Using a workplace giving platform that offers a database of both virtual and in-person volunteer opportunities can help you jump that hurdle easily and efficiently.
Workplace giving software vets the nonprofits they’re considering for their database, which means your employees can rest assured that they’ll be working with reputable causes and organizations.
Beyond sifting through nonprofit organizations for you, workplace giving platforms also help you create custom volunteer events for your employees, including planned shifts, event capacity, and registrations.
It’s great to get employees involved in your volunteer program, but it’s especially important that volunteers get to have a say in the opportunities available to them. That’s why offering a database of volunteer events is essential. Many companies also offer paid time off for volunteering, which gives employees a direct incentive to participate and increases employee engagement levels.
Once your volunteer opportunities have been confirmed, workplace giving software goes further and allows you to track all elements of your employees’ volunteer efforts. This includes:
- Volunteer signups
- Logged volunteer hours
- Your overall impact
Employees can easily track their hours for any kind of volunteer event, while you can view all the wonderful work they’re doing from one central location.
Another way to engage employees in corporate volunteerism is by offering volunteer grants—monetary grants awarded to nonprofits where employees regularly volunteer.
Workplace giving platforms can also help your company manage your volunteer grant program.
Like with matching gift programs, workplace giving software helps you monitor volunteer grant requests that come through. As employees track their hours and request grants, you can easily approve and process each request in the same central system—much like you would with matching gifts.
All of these components of volunteer programs are important. Whether you’re offering paid time off to volunteer, trying to make it easy for employees to find volunteer opportunities, or processing volunteer grant requests on a regular basis, workplace giving platforms take the extra legwork out of the equation.
3. Other Workplace Giving Program Management
Of course, workplace giving is made up of more than just matching gifts and volunteer programs.
There are tons of different programs that contribute to CSR, and choosing the right workplace giving solutions can help streamline all of them.
Other prominent workplace giving programs include:
Automatic Payroll Deductions
Automatic payroll deductions are a type of program that allows employees to deduct a small amount or percentage of each paycheck to a nonprofit of their choice. While the giving occurs in smaller increments, these donations add up over time and can have a huge impact on the nonprofit organizations they go toward.
Workplace giving platforms with payroll integrations and features allow employees to select a nonprofit from a large database of pre-vetted 501(c)(3) organizations. From there, they can choose to set up a recurring deduction through the platform for as long as they’d like.
When disaster strikes, companies need a quick and efficient way to organize their relief efforts so employees can contribute and corporations around the world can provide assistance.
Workplace giving solutions oftentimes offer tools to create new disaster relief campaigns right away. After all, the faster companies can launch a campaign, the faster they’ll be able to collect and disburse funds to nonprofits in need.
Look for a workplace giving platform that allows your company to build campaigns like these and mobilize employees around urgent causes.
Many companies and foundations provide annual grants to important causes and organizations around the world. Workplace giving platforms can help them manage all aspects of the grantmaking process.
For example, you can easily track and review:
- Grant proposals and submissions
- Approvals for grants
- Budgets and goals
- Reporting and dashboards
Grant management can be complex, especially when hundreds of applications come in from organizations everywhere. Using workplace giving technology makes it easier to track applications, review information, and approve the grants and disbursement.
Want to rally your employees around a specific cause or event?
Workplace giving platforms also help companies build a community within their teams by supporting causes that are important to them.
Use a workplace giving platform to set goals, select nonprofits, spotlight volunteer opportunities, and more. These tools allow you to create a sense of urgency and keep your employees engaged around causes and events all year long.
Whether you’re running a grant program, campaign, payroll deductions, or other types of workplace giving programs, choosing the right solution to meet your company’s needs will benefit more than just your team and your brand. It will also provide thousands of nonprofits around the world with the funds they need to continue serving their missions.
Additional Workplace Giving Resources
If you’re looking for more information about workplace giving and the platforms that can help you be successful, check out the additional resources below:
- Workplace Giving: The Guide for Nonprofits and Companies. Looking for a primer on workplace giving? Here’s an easy rundown of how it works for both nonprofits and companies.
- Top Corporate Giving Software to Drive Employee Engagement. Want to drive up your employee engagement with corporate giving? Here’s a list of the top corporate giving software you can use.
- Matching Gift Software Vendors: The Comprehensive List. Matching gifts are important for nonprofits and companies. Here are the top vendors you can use to make the most of this program.