Companies of all shapes and sizes have the resources to provide a positive impact in their communities. Whether it’s by supporting a local charity, organizing an event or participating in a fundraiser, giving back has important benefits for a business well beyond helping out the local community.
Here are 5 ways giving back actually helps your business.
Employees reap the benefits:
Giving back helps the charity, but it also helps the employees who work for you. When philanthropy is ingrained in the company culture, employees are more likely to rate their position as a positive experience.. Employees respect companies that care for their community -it simply raises morale, and increases loyalty to their employer.
It helps society:
By making connections within the community, it ultimately helps society become better as a whole. The less fortunate benefit from your donations, and it gets everyone involved in making positive changes.
When you give back to the community, it not only reflects your values, but your commitment towards improving society. Giving back is an all around good choice; many people like Thomas Kane and other business executives prefer incorporating philanthropy into their daily lives. Specifically, Thomas Kane is passionate about giving back and serves as President of Friends of the IDF, among other organizations.
It encourages people to volunteer:
A number of companies recognize the value in giving back, even offering employees paid time off to volunteer. Some companies have even led thousands of volunteer activities inspired by its employees, including raising money for cancer research or building homes for veterans in need.
It gives them recognition:
A community-oriented company with a charitable mindset can benefit from positive PR, good employee morale and increased connections which can aid in long-term financial success.
Giving back is necessary:
Businesses can only benefit from the goodness of helping others. In a world where so many people need services, there is a universal understanding that giving back is necessary.
Volunteering your time to support a cause is something you will never regret. It will enrich your life, and connect you and your business with new opportunities. Helping your community is an opportunity for your business to grow, and to better understand how it fits into the world around it.