When placing a value on volunteering, it has become common place to use a wage replacement formula, multiplying the number of volunteer hours by an hourly wage (using minimum wage or industry pay rate scales) and to come up with a dollar value for the volunteer time. Others have tried to calculate the fair market value for the service provided (a tutoring session, a meal delivered, a strategic planning session facilitated). While talking about the thousands, millions, or billions of dollars worth of time or service given captures peoples’ attention, it still falls short of capturing the full story.
This webinar will provide an overview of the models and tools available to measure impact, provide highlights from the Conference Board of Canada’s recent discussion paper, The Value of Volunteering, and introduce participants to the Value of Volunteering Wheel, launched during National Volunteer Week 2018.
At this webinar we will:
- Explore different types of value generated from volunteering
- Describe challenges in calculating the value and impact of volunteering
- Identify models and tools available to help measure the impact of volunteering
This webinar is hosted by CharityVillage.