The Benefits of Workplace Giving
What is Workplace Giving?
Workplace giving is one way to donate regularly to a charity you love. In addition, workplace giving is tax deductible, meaning you can contribute even more through your workplace.
The regular donations you can provide through workplace giving also mean that your chosen charity gets a greater chance to plan its projects and allocate resources ahead of time. Workplace giving contributions are a lot more reliable than the more common one-off donations.
What are the advantages of Workplace Giving?
There are numerous advantages to workplace giving. One benefit for your employer is that workplace giving is tax deductible. In addition, you contribute from your pre-tax salary when you donate through a workplace giving scheme. This means that you receive the tax benefit immediately, instead of waiting until the end of the financial year.
Additionally, an employer often matches donations from staff. This means that your gift costs you less and also gets doubled! It allows both employees and employers to support a charity tax effectively. Thus, workplace giving can build a sense of pride, especially if employers encourage volunteering or hold fundraising events in support.
Workplace and workforce benefits
Tax benefits are just one of the many advantages of workplace giving. Another advantage of workplace giving is the benefits that it brings to your workplace. Not only does workplace giving increase social impact, but it also leads to improved staff engagement and gives your organisation a good reputation and an increased social impact.
A positive office culture is undeniably important in the workplace. Offering good services and products is also imperative. But did you know that workplace giving is also a great way to increase staff retention? More and more people are aware of the importance of good public initiatives and the need to improve welfare. In fact, 75% of millennial employees would prefer to work for a socially responsible company – even if they would get a lower salary!
Benefits for the charity
Why is workplace giving a good option for the charity itself? First, workplace giving means that the charity gets regular funds at a lower cost. Workplace giving also opens up new solid partnerships and offers access to valuable skills.
One advantage for the charity is improved visibility in the community. For example, when a company participates in a corporate giving programme, the charity they get involved with becomes more well-known. This gives them a greater chance of getting support from other volunteers and regular donors. Workplace giving also gives a charity a deeper relationship with the company. As a result, the charity and company can form a long-lasting relationship with sponsorships, partnerships, volunteering, and other events.
The cumulative benefit of this for the charity, is that they ultimately receive more funding. Not only does the charity get funding from the actual workplace giving scheme, but the increased visibility and other events mean a charity can receive even more reliable funding for years to come.
Customers see your organisation as socially responsible
When you shop, which businesses do you prefer? Do you choose to shop at large corporate businesses, or do you try to support small, local shops that give back to the community?
Research shows that most people want to support responsible and ethical companies. People prefer companies that share their values, have strong opinions on social movements, and support causes they agree with. Giving in your workplace will likely attract more customers and make your organisation more reputable.
View our article on Workplace Giving to find out more about how you can give through your workplace.
What are other ways to give?
Workplace giving is a highly effective way to give. It’s reliable and has plenty of advantages for you and your workplace. Nonetheless, it is just one of the many great ways to donate.
Do you want to leave a legacy that matters and will make a real difference in the world? If you’re going to help us for years to come, leaving a gift in your will enables you to provide resources for children living in vulnerable situations. You’ll help children affected by natural disasters, conflict, and other issues. Your funding will allow them to receive an education, nutritious food, and a childhood they deserve.
Another way to provide reliable funding is by donating monthly. A monthly donation helps us shield people from the impact of climate change and distribute food and resources. In addition, monthly donations are a great way to allow us to plan and make a more significant difference.
You could also consider donating to one of our current appeals. Giving to one of our current appeals is the best way to get funds directly to where they need to be right now – for example, the Kenya Hunger Crisis or simply wherever it is needed most.