How Much Are Your Volunteers Worth?
We all know volunteers are valuable, but now you can calculate exactly how much!
Although it is difficult to put a dollar amount on volunteer time, as they provide many intangible benefits; this may be as close as we get. This value is only one way to show the benefits volunteers bring to an organization.
Independent Sector estimated dollar value of volunteer time for 2010 is $21.36 per hour. The value does vary by state, as you can see below.
From Independent Sector
Note that 2009 is the last year for which state-by-state numbers are available. State volunteering values are one year behind the national value due to a lag in the government’s release of state level data.
Volunteering in America provides some context to these numbers with detailed information about the number of volunteers and volunteer hours per resident in the United States.
As you can tell, volunteering in America has reached the level of a full-time job for many!
According to the Corporation for National and Community Service, about 63.4 million Americans, or 26.8 percent of the adult population, gave 8.1 billion hours of volunteer service worth $169 billion in 2009.
Let your volunteers know just how priceless they are to you during this holiday season. To find ways to thank them, check out our previous articles on that very subject!
Six Tips for Recognizing Volunteers
Eight Tips for Writing the Perfect Thank You Note
Nine Basic Rules for Volunteer Recognition
