Giving Compass' Take:
- Here are helpful tips for building a company philanthropy program for company benefits packages.
- What are the significant barriers to effective corporate philanthropy programs? How can you help to break down these barriers to implement effective programs?
- Learn more about corporate philanthropy and why it matters.
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Most businesses got their start by solving a societal problem or by offering an alternative solution. For example, modes of transportation allowed people to get from point A to point B, while Zoom brought the ability to connect and interact without the need to go to point B. Once a business is established, however, the focus has traditionally shifted to the bottom line: How much profit are we making?
That myopic focus no longer works in today’s hyper-connected society. Companies are scrutinized like never before, and everyone wants to know what kind of impact a company is having on the world. Those who are having a positive impact have better performance across the board. In the words of Larry Fink, CEO of BlackRock, “Ultimately, purpose is the engine of long-term profitability.”
Including employees in the journey is one of the easiest ways to start building a responsible brand. Here are a few reasons why you might include employee philanthropy programs in your benefits package:
- Employees expect it.
- Employees can bring their whole selves to work.
- Giving back can help reduce stress.
- Employees are more likely to be engaged.
- Job hunters look for it.
The bottom line is that purpose matters to today’s workforce. To build a successful giving program, however, you should keep these tips in mind:
- Make sure there’s internal alignment around the value of the program.
- Listen to and empower employees.
- Get the word out.
- Make it fun.
Read the full article about building a workplace philanthropy program by Srinagesh Vitthanala at Forbes.