The estimated value of one hour of volunteer time is $22.14. This dollar amount has huge implications on how Volunteer Maryland reports the value of a volunteer’s time in relation to the organization or service site they serve. But what does this figure really mean? First, let’s get the details on where this number comes from. Independent Sector determines the value of a volunteer hour and provides this information as one measurement of a volunteer’s impact.
The Independent Sector methodology for calculating this is pretty simple, “The value of volunteer time is based on the hourly earnings (approximated from yearly values) of all production and non-supervisory workers on private non-farm payrolls average (based on yearly earnings provided by the Bureau of Labor Statistics). Independent Sector indexes this figure to determine state values and increases it by 12 percent to estimate for fringe benefits.” Got that? Not really rocket science as it uses BLS information to determine value.
In 2013, one in four adults volunteered through an organization. This amounted to 7.7 billion hours with a value of $173 billion. That is a huge number, but is misleading in telling the value of a volunteer to an organization and a community. At times this number is viewed as money saved by the organization. There may be times that a skilled volunteer provides professional services which do have a value in terms of dollars saved through the use of a volunteer, but in most cases a volunteer supplements rather than substitutes paid staff.
So why does this number matter? The matter of determining a volunteer hours worth is tricky for most of the organizations Volunteer Maryland works with. The reason being is value has multiple facets that a volunteer program should factor when determining and showing its volunteer forces impact. Beyond the hours, there needs to a clear method of determining that impact on the client that they serve, and how their service made a difference.
Each Volunteer Maryland Coordinator works with their site to determine a way of measuring the impact of the volunteer. Some examples are an increase in reading fluency for early readers, or a decrease in invasive plants with an increase in native plants in a pre determined plot of land. This measurement gives value to the $22.14 because it shows the significance of the one hour of service. Knowing how the volunteer provides impact to your community in real, tangible improvements not only speaks the language of funders, but the language of potential volunteers as well. With the perception of less and less time, it is on the organization to prove that that a volunteer’s time has true value to the shared community.
Independent Sector –
What’s an Hour of Volunteer Work Worth? –