With Earth Day 2012 in the books, I hope you had a chance to get out there and make a difference. For me I will be helping to clean up this coming weekend! Taking a look at the shear amount of work the volunteers do in our community day in and day out is amazing. With the average hourly wage of a volunteer in 2011 close to $21.79 per hour, the dollar value is immense if you look at the amount of work that volunteers perform.
Here is how my organization uses volunteers
The organization that I work at relies heavily on volunteer labor to provide many tasks. Having volunteers allows the company to use paid staff more effectively. On a quarterly basis there are close to 15k hours used. Think about the amount of money that would need to be spent to do those same functions with paid staff, not only would you have the hourly rate of pay you typically have 20-25% on top for benefits.
Last week was also National Volunteer Week in the United States as proclaimed by Obama on April 9, 2012. What better way to pay tribute to all the volunteers out there than by quantifying the dollar value that they provide to society for free!!!!! Ok well the personal financier in me likes to see everything quantified as some dollar figure.
Volunteers in 2010 gave 8.1 billion hours of service valued at an estimated $173 billion dollars. Did you hear that I said billion! That is just in the United States so imagine the figure if we took it to the globe! While it may be a little late for National Volunteer Week, make sure to thank a volunteer for the time that they give.
Do you volunteer? Have you thanked a volunteer lately? Tell me about your favorite volunteering experience.