What is Your EVP Data Saying?
What is Your EVP Data Saying?
At the 2014 VolunteerMatch Client Summit in Detroit, we learned from experts in CSR, volunteer engagement, technology and program administration. In this series of blog posts, we’ll share with you the valuable insights offered at each session. Up today: REanalyze: What is Your EVP Data Saying?
“How are we doing?”
This is the most common question our client services team hears from our corporate and nonprofit partners. And it should be. Employee volunteer programs, like any other business expenditure, need to demonstrate impact and value to multiple audiences. Data is critical to the success and continued support of EVPs, especially since these programs are relatively new in the corporate world and don’t yet have an established set of benchmarks.
So, how can your organization answer that oh-so-common question: How are we doing?
There are some existing guideposts, such as the number of hours employees contribute, the social value generated (a calculation based on numbers from the Independent Sector), the percent of employees engaged, and so on. However, because of the lack of public benchmarks, small sample sizes for specific company types and sizes, and the fact that companies have different cultures, priorities, and history when it comes volunteering, it’s very hard to make valid comparisons. At VolunteerMatch, we often suggest that each company, with some guidance, take it upon themselves to identify outcomes that reflect their priorities and keep an eye on these outcomes over time.
The most important thing is, if not to fall in love, then at least fall in like with data! VolunteerMatch wants to lead this charge. This summer and fall, we worked with Jake Sanches, a volunteer from Palantir Technologies. We designed and sent a survey to our clients asking what metrics are important to them, how they use data, and how VolunteerMatch can improve its reporting dashboard and quarterly reports.
During his presentation at the Client Summit, Jake discussed the survey’s findings. He demonstrated how big data has made its way into the public consciousness through sites like Nate Silver’s fivethirtyeight.com, and how data can be a significant driver in the development of your EVP. Jake then covered how to choose the right metrics for your program and brought up commonly overlooked metrics. These included: Finding volunteers based on tenure to make sure new employees are getting into the program quickly, discovering your rock star volunteers so they can help spread the word, determining the time of year most popular for volunteering, and much more. He concluded with a list of best practices for communicating data to different audiences.
In summary, if you really want your EVP to soar, data is critical. You can start small, with just a few easy metrics, and as your program evolves, you can expand. You might even find some hidden gems that reflect something unique to your company. Incorporating a metrics-centered approach will not only give you a better idea of what’s going on with your program right now, but will help you plan for the future, help you to make the case for expansion and budget increases, and will generate great storytelling material.