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Value of volunteer service estimated at $28.54/hour
Publication year - 2021
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.31003
Subject(s) - volunteer , value (mathematics) , service (business) , demographic economics , statistics , business , operations management , mathematics , economics , marketing , biology , agronomy
The latest analysis of U.S. economic data conducted by the Independent Sector puts the average value of volunteer service in 2020 at $28.54 per hour, an increase of 4.9% from the $27.20 per hour estimate calculated for 2019. This marks the third straight year of sizeable jumps: 2019 saw an increase of $1.77 from the year before, and 2018 saw a 74‐cent increase over 2017, the IS said. Since the organization began tracking this data in 2001, the value of volunteer service has risen $12.27 per hour.