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The Value of Volunteer Engagement for NonprofitsVolunteers Are A Strategic Resource of Great Importance
Approximately $38 billion is said to be lost by nonprofits each year because volunteers don't return. Here are tactics to ensure volunteers want to continue their work.
The worth of volunteers to a nonprofit organization is often overlooked by the executive director and paid staff. Why should leaders pay careful attention to their volunteers? What is the value associated with volunteer labor? And what strategies can be used to prevent volunteers from abandoning their work with the organization. The Value of Volunteers to the Not for Profit CompanyAccording to the “New Volunteer Workforce," an article by David Eisner et al in the March 2009 Stanford Social Service Review, not for profit companies lose roughly $38 billion each year because hard won volunteers choose not to continue their work with the organization. These financial losses consist of recruitment, orientation and training expenses that are necessary to ensure that volunteers can perform important tasks. This investment is lost when the volunteer decides not to return. In addition, not for profit organizations loose an advocate for their mission when a volunteer becomes dissatisfied with their experience. Volunteers that are engaged with a nonprofit organization are a valuable asset to the company when they can speak positively of the organization at work, with their friend, neighbors, etc. Conversely, an unhappy volunteer can swiftly undo all the philanthropic and marketing efforts exerted by a nonprofit. Strategies To Keep Volunteers Coming BackThere are a number of strategies that can be used to retain valued volunteers.
Volunteers need to be treated as a valuable strategic asset according to the authors of “The New Volunteer Workforce.” Nonprofit company executives must recognize the monetary and public relations value of their volunteers and act aggressively to safeguard that important asset.
The copyright of the article The Value of Volunteer Engagement for Nonprofits in Volunteer Management is owned by Michele Dane. Permission to republish The Value of Volunteer Engagement for Nonprofits in print or online must be granted by the author in writing.
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