A business cannot survive without the support of the community in which it has set its base. Therefore, to recognize the importance of the local community, it would be great to involve your business in corporate philanthropy. Whether you can do it by encouraging your employees to volunteer in the community and supporting causes that they choose which are dear to them or giving donations to charitable causes that are around the neighborhood, can have significant benefits to your institution.
Business culture can be developed and instilled in employees. When you develop and foster a culture of giving back in your organization, your business will not only build a strong sense of community, but it will also attract younger generations of employees who will be looking forward to the upcoming charitable work that the organization will be taking part in to help you achieve that cultural change in your organization just like Cane Bay Partners.
Offer Volunteer Time Off
A great way a company can decide to support its staff to invest their time in philanthropic efforts is by giving them volunteer time off (VTO). This can be crafted to become a policy to sensitize the importance of that course to business. This will show all the employees and the community that business values social responsibility. Therefore, employees will become dedicated to the program and will create time to involve themselves in charitable efforts.
This business involvement effort in social responsibility functions can cause a buzz and help attract and retain talent to the business.
Form Team-building Volunteering Schemes
An organization can decide to bond together by incorporating team-building with suitable social activities. Therefore, they can choose to do a volunteer job together, like helping a school out, or building a house, and more.
When an organization can decide to turn volunteering projects to become team-building occasions, it will become a good thing for others who get the help and reflect into the organization’s culture and bring the entire workforce together. Additionally, the local community benefiting from the project will become familiar with what the organization stands for and its brand.
Endorse Principled Labor Practices
True corporate philanthropy should begin within the organization set up. This can be done by endorsing ethical labor practices. Therefore, the organization must adopt a fair pay rule for their employees’ shifts. The company can then champion its followers on its various social media platforms and other industry leaders follow suit. Also, they can create and host events with a theme surrounding fair labor for other companies.
Partner with a Charity
For a business’s ongoing opportunity to be put fully into charitable actions, the business could team up with a dedicated organization. Such a kind of partnership could be a perfect illustration of the level of commitment the business is putting towards giving back to the community. For instance, you can partner with charitable organizations that empower people to access sanitation and clean water. Therefore, pledge to give out a certain percentage of your profits towards that noble course.
Cover your Employees Donations
Another effective way your organization can build a culture of giving is by deciding to cover for your employee’s donations. Therefore, apart from the annual bonuses that you give your staff at the end of the year, set aside a pool for each of them to dedicate to a charity of their choice. When you decide to make this kind of donation, set reasonable guidelines regarding the value of the donations and let your employees decide for themselves.
Raj Kumar is a qualified business/finance writer expert in investment, debt, credit cards, Passive income, financial updates. He advises in his blog finance clap.