Calculating the economic benefits of volunteering
It is possible to work out the economic value that volunteers make to your organisation by multiplying the total volunteer hours by an hourly wage rate. This could be the national minimum wage or median hourly wage.The minimum wage probably underestimates the value, while the median wage may overestimate it. You can calculate both and present them as a range, or decide on a reasonable figure between the two. Find the templates in the useful documents section.