The economic equation of volunteering

Katharine Gaskin, Barbara Dobson
1st Feb 1997

The value of volunteering is widely recognised and promoted, but its economic value has rarely been explored. Nor has its cost, although organisations have argued for some time that recruiting, managing and supporting volunteers all require time and money.

This study was designed to develop and pilot a method to measure these aspects of volunteering. It focused on twelve small voluntary organisations providing social welfare services, and produced estimates of their total expenditure on volunteers and the market value of their volunteers' work.

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