Value of Volunteer Time: 2008

Value of Volunteer Time: 2008

Independent Sector reports the estimated dollar value of volunteer time at $ 20.25 per hour for 2008. Updated figures for each state will be released later this spring.

This year’s estimate increased from $19.51 per hour in 2007.

The hourly value of volunteer time is based on the average hourly wage for all non-management, non-agriculture workers as determined by the Bureau of Labor Statistics, with a 12 % increase to estimate for fringe benefits.

CALCULATING THE ECONOMIC IMPACT OF VOLUNTEERS

The Economic Impact Of Volunteers Calculator created by the Points of Light Foundation makes this possible. It estimates the appropriate wage rate for volunteer time based on what the person does, the value of specific tasks according to market conditions as reported by the US Department of Labor. Organizations can use the Calculator to determine the value of the time their volunteers give doing a wide variety of volunteer jobs.

To use the calculator, search for the job description using the drop-down box. Then enter the number of hours given by all volunteers performing that particular task. Repeat this task until all volunteer positions have been entered. The system automatically calculates the totals for each job category and for the total across all volunteer jobs.