Businesses benefit enormously from enabling staff to volunteer their professional expertise for social good.
That’s the message of Volunteering Reinvented, The Business Benefits of Helping Social Enterprises Grow, published by Social Business Trust (SBT) today.
Skills volunteering can be seen solely as a corporate responsibility activity, with businesses giving their help to smaller social enterprises and charities.
But SBT’s experience in harnessing the expertise of world-class corporates to support great social enterprises to scale, shows that businesses can get back as much as they give through new learnings, perspectives and relationships.
Volunteering Reinvented sets out those business benefits and brings them alive with case studies from corporate partners, featuring Bain & Company, Clifford Chance, EY, Permira and Thomson Reuters.
Adele Blakebrough MBE, said: “This is a win-win for social enterprises and top businesses alike. We know the difference that top business expertise can make to outstanding social enterprises as they scale-up to help more people.”
“But our model also enables business professionals to learn from their volunteer experience, expand their network and meet people they would never encounter otherwise.”
“They feel a greater sense of purpose, it gives them renewed energy and it can even make the difference in them deciding to stay with their company. The result is greater social impact and better business.”
By focusing on what businesses can gain from skills volunteering through SBT, she aims to attract new corporate partners to get involved: “We have an ambitious goal to help three million people by supporting great social enterprises to grow and need excellent new partners with complementary skills to help us achieve that.”
Since SBT began in 2010, its corporate partners have given over 35,000 hours of volunteer business assistance, helping our social enterprise portfolio to grow and support over 1.5 million people.
The issues tackled by the social enterprises SBT works with are diverse, including educational disadvantage, elderly isolation, mental health and offender rehabilitation. What they have in common is an established, effective business model, an engaged management team and a keen ambition to achieve more.
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