8/12/2021
Philanthropy through Volunteer Time Off (VTO) | Michael Luzich | International Business
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Philanthropy through Volunteer Time Off (VTO) by Michael Luzich | Aug 12, 2021 | Blog, International Business, Michael Luzich
What Is VTO? VTO is an employee benefit modelled after Paid Time Off (PTO), allowing employees to volunteer with non-profit organizations. Many volunteer opportunities occur during regular business hours, enabling employees to plan time for helping causes they care about. VTO is growing in popularity. A group called Chief Executives for Corporate Purpose (CECP) reports that in 2018, 68% of companies offered some form of paid-release time or VTO, up 4% from the year before. The same report states that, “Eighty-five percent of Americans say they would be likely to support a purpose-driven company in their community, while more than two-thirds (68%) say they would want to work for that company.” The study also states that eight in ten consumers prefer to buy products or services from purposeful brands.” https://michaelluzich.net/philanthropy-through-volunteer-time-off-vto/
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