Every good employer looks for ways to keep their team engaged and emotionally invested in the company. The conversation on how to achieve this often surrounds career growth and compensation but one area that is often overlooked is workplace philanthropy. According to several recent workplace surveys, Millennials (21-35) are nearly twice as likely to describe themselves as satisfied with their job when a firm offers volunteer and philanthropic activities. The fringe benefits of corporate giving include enhanced employee morale, respect for the ethics of the company and employees feeling more involved and connected to their local community.
Knowing this is a very important and positive element of corporate culture, how does an employer go about implementing this? A great way to start is to offer paid time-off for employees to volunteer at a community organization. This works well as an organized company volunteer day so employees have a chance to volunteer while bonding with their co-workers. Another way is to select a charity or scholarship fund and have the company match employee contributions. To make this even more personal, employers can take the time to find out what charitable organizations are meaningful and personal to their staff. Employers who create a workplace environment that sets the tone for giving and community awareness also report a positive uptick in the areas of teamwork, respect and productivity. All critical components when building a positive culture in the office.
Studies have shown that one very valuable byproduct of creating volunteer opportunities is increased productivity in the workplace. Working towards something larger than themselves such as volunteering their time for a local cause, or doing a 5k to support a charity, gives employees a deeper sense of community and connection with their co-workers. Strengthening social bonds and learning more about each other outside the office has shown to improve teamwork and communication in the office.
Respect for Values and Ethics of Leadership
The ingredients of job satisfaction go beyond compensation and responsibilities. The truth is that employees who respect the values and morals of the company and leadership have a much higher level of happiness at work. Being part of an organization that gives to the local community or charities in need is a source of pride for employees. People tend to work harder and care more about their job when they truly respect the mission of a company. This is especially true for Millennials who actually care more about giving back than those before them. This is another key aspect of understanding the generational motivators within your company.
We continue to see the results of workplace studies proving that when an employee feels invested in a company and respects the core values of their leadership they perform better and work harder. Getting your organization involved in charitable activities is an extremely effective way to build this respect and emotional investment into your corporate culture. A culture of awareness and generosity in the workplace naturally creates organic opportunities for team building.