Subscribe to News
MEDIA, JOBS & RESOURCES for the COMMON GOOD

Top companies stay competitive by giving back


Wednesday, 7th August 2019 at 4:57 pm
Maggie Coggan
Some of Australia’s largest companies are making community engagement a top priority in a bid to remain competitive, new data shows. 


Wednesday, 7th August 2019
at 4:57 pm
Maggie Coggan


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Top companies stay competitive by giving back
Wednesday, 7th August 2019 at 4:57 pm

Some of Australia’s largest companies are making community engagement a top priority in a bid to remain competitive, new data shows. 

Results of the GoodCompany’s Top 40 Best Workplaces to Give Back in Australia, found 88 per cent of companies believed community engagement was important to the success of their business.   

Origin Energy topped this year’s list, followed by Sodexo, Accenture, PwC, and Optus. Results were based on how well companies empowered their employees to give back via payroll giving, paid volunteer leave, fundraising activities, and the social benefit strategies they had in place.  

Origin offered staff unlimited paid volunteer leave with a $100 to $250 budget, had open choice payroll giving with matched donations between $5,000 and $10,000, sponsored a number of social benefit programs, and had diversity, gender equity and green energy targets in place. 

Ash Rosshandler, the GoodCompany CEO, told Pro Bono News he believed societal expectations of how companies should be behaving was a driver in their increased community involvement. 

“This push is coming from external stakeholders like customers, and also internal from their staff,” Rosshandler said.  

He said the most noticeable jump in this year’s award results was the paid volunteer time that companies were setting aside. 

In 2018, 87 per cent of companies offered paid time off, a figure that’s jumped to 93 per cent in 2019. In 2018 only 34 per cent of companies offered two or more days, which has swelled to 49 per cent in 2019. 

“Companies definitely appreciate that corporate volunteering is more competitive and by not putting a budget aside for team building volunteering opportunities they actually might fall behind companies who are willing to spend a few dollars on it,” Rosshandler said. 

“People going in for interviews, particularly millennials, are questioning these companies about what they actually do for the community, and how they give back, and unless companies have a great answer and a great purpose, they are only connecting to the head, not the heart.” 

The number of companies now setting a budget to support workplace giving has also risen, from 61 per cent in 2018 to 70 per cent in 2019, with 37 per cent of those companies willing to match up to $1,000 per employee, and 17 per cent having uncapped matching. 

Rosshandler wants companies to become competitive over making it to the number one spot on the list. 

“I hope they do become competitive because the list offers consumers, charities,  potential staff and investors a window into the corporate world about which companies are giving back and how they give,” he said. 

The full top 40 list can be found here. 


Maggie Coggan  |  Journalist  |  @MaggieCoggan

Maggie Coggan is a journalist at Pro Bono News covering the social sector.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

SDGs A Powerful Framework For CSR

Wendy Williams

Wednesday, 21st June 2017 at 8:53 am

Up to $1M in IT Support and Advice for NFPs and Social Enterprises

Rachel McFadden

Monday, 19th June 2017 at 4:11 pm

POPULAR

NDIS help arrives for Australians experiencing homelessness

Luke Michael

Friday, 9th August 2019 at 4:42 pm

Disability groups call for better quality plans in NDIS review

Luke Michael

Monday, 12th August 2019 at 4:51 pm

Don’t Buy. Don’t Supply. Say Why.

David Ritter

Thursday, 8th August 2019 at 8:13 am

Gillian Triggs to shine a light on Australia’s refugee treatment

Maggie Coggan

Monday, 12th August 2019 at 5:04 pm

Subscribe to News
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!