The NonProfit Times just released an article with the headline "
Volunteers Worth 3.3 Times Minimum Wage." Given that federal minimum wage is $5.85 an hour - that means that each volunteer hour is worth $19.51 to your organization.
[photo credit: Coed]
Your volunteers are much more than an auxiliary workforce. They're the front lines of your organization in the community. They represent your organization as they move through their social circles, and they are the ones who carry your organization's message farther than your marketing efforts ever could.
Most organizations value their volunteers tremendously - but few assign a dollar value to their worth. If your organization were to do so, what would your volunteers add to your bottom line? If the number is significant (maybe more than a staff person's annual salary), it might be time to make sure you're getting enough bang for your buck.
When was the last time you examined your organization's volunteer program? Could you, without hesitating, draw a map of a volunteer's experience with your organization from the moment they transition into your volunteer program, to the moment they transition out?
Given the amount of money at stake, it might well be worth your time.