05-22-2024 05:14 PM - edited 06-13-2024 07:23 PM
This article reviews core Corporate Social Impact topics and provides an overview of common metrics, measurement of outcomes, and considerations for measurement. This inventory is by no means exhaustive, but may serve as a starting point for companies to begin or review their impact measurement and reporting activities.
This inventory was developed by cross walking metrics collected and used by ACCP, CECP, Benevity, and a random-sample of corporate social impact reports.
In the following pages, each metric is tagged with a metric type. These are offered to help facilitate thinking and discussion of metrics, however they are not set in stone. Whether or not a metric is an output or an outcome depends largely on the goals of the program or initiative, and its theory of change. See page 14 for discussion of logic models.
Input |
Activity |
Output |
Outcome |
Impact |
Company Resources: time, people, money, etc. | What Companies do with their resourcesPrograms offered and services provided | Immediate results of the activities: products, services, time spent | Resulting behavior, condition or state of well-being | Change in behavior, condition or state of wellbeing that resulted from the activities |
HOW MUCH WE DO |
||||
HOW WELL WE DO IT | ||||
IS ANYONE BETTER OFF? |
Most of the common metrics for measuring philanthropy impact can be categorized as outputs — they tell us about how much an organization is doing and possibly about how effectively their operations are running. They do not tell us a whole lot about outcomes or the impact that’s generated through philanthropic giving.
This is, in large part, because companies are giving across a wide range of issues, causes and geographies, each representing different sets of goals, purposes and outcomes. Companies will need to identify outcomes metrics that speak to their unique philanthropic mission and goals, and realistically reflect their investments with partners and communities. But this doesn’t mean you are alone, and need to figure it all out yourself. Although each company’s mission may be unique, a great deal of work already exists to standardize the measurement of program effectiveness and investments on specific topics and issue areas. It is recommended to both build your own Theory of Change and understand current thinking in the field.
World Benchmarking Alliance (WBA): Anchored to the UN SDGs, the WBA is creating benchmarks across a wide range of pressing ESG Issues.
Global Reporting Initiative: Provides sustainability reporting standards, including sector and topic standards.
Evaluation.Gov: The US Federal Government creates evidence-based evaluation metrics for its departments and programs. If you are working on a particular social change topic, especially if based in US geographies, this can be an excellent resource.
Leverage what exists for grantee reporting: When it comes to asking grantees to report to you, consider the level of effort relative to your investment and explore whether you can leverage what they are already reporting, rather than asking for something bespoke.
Attribution & Contribution: Contribution is the idea that your influence is only one of many factors that brought about a change, while attribution is the idea that your intervention was the only reason for the change.” (SoPact) More than likely, your institution is but one funding-actor in a wide ecosystem, so the goal is to think about how you are contributing, rather than what impact you can claim as your own.
Category |
Metric |
Metric Type |
|
Volunteering |
# hours volunteered |
Output |
How Much |
# causes and organizations supported |
Output |
How Much |
|
% employees who volunteer |
Output |
How Well |
|
$ value of hours volunteered |
Output |
How Much |
|
Experience of nonprofits benefiting from employee volunteerism (Satisfaction/ CSAT Rating) |
Outcome |
How Well |
|
Impact of employee volunteerism on employee sentiment |
Outcome |
Better Off |
|
Employee Donations and Donation Matching |
% employees participating in donation matching program |
Output |
How Well |
$ value donated by employees through gift matching program |
Outcome |
How Much |
|
# causes and organizations supported through gift matching program |
Output |
How Much |
|
Impact of donation matching program on employee sentiment |
Outcome |
Better Off |
There are two main stakeholder groups when it comes to employee engagement activities:
For nonprofit organizations, measuring outcomes hinges on whether or not the volunteering experience was well received and if it provided added value to the organization. While nonprofits want volunteers to provide needed support, they also require investments and resources to on-board, train, and manage. If volunteering is cause or skill specific (i.e. providing pro bono financial advisory services, or delivering meals), outcomes can be associated with the goals of volunteering. Outcomes can be gathered through satisfaction surveys or other experience feedback.
Measuring outcomes for employees focuses on the value add for the employee experience and this can depend on the type of employee volunteering. Skill-based volunteering can support professional development and community-based volunteering can support feelings of belonging. Overall, the question at hand is whether employees who volunteer are happier and show other improvements in their work-life experience. This can be assessed through employee engagement ratings/ metrics or other survey methods, which can allow you to compare satisfaction scores for those who participated or not.
Valuing Volunteering: Many organizations quantify and report a dollar value attributed to their employees volunteering. This is a relatively simple calculation in which an hourly rate is multiplied by the number of hours volunteered. For companies that offer both skill-based (i.e. pro bono accounting or legal services) and general skill volunteering, these may be valued at different rates.
Chief Executives for Corporate Purpose (CECP) offers both a definition and a value for pro bono and skill-based volunteering.
Independent Sector and Points of Light offer hourly dollar value for general volunteering.
Assuring employee engagement data for ESG reporting: In order for employee engagement data to be assured by a 3rd party reviewer, there must be an adequate system in place with data controls to ensure data quality and accuracy.
What makes it hard |
What makes it worth it |
|
|
Engaging Employees to Get Accurate Counts
At Contentstack, fostering a culture of volunteerism stands as a top priority — our community-driven tribe actively engages in volunteering and shares their experiences through photos on Slack. However, despite this passionate involvement, like many other companies, our team faces challenges in garnering equal enthusiasm for diligently tracking volunteer hours. In the upcoming year, we're considering an innovative approach: initiating each company All-Hands meeting with a dedicated 3-minute segment specifically aimed at logging volunteer time. We aim to infuse this process with enjoyment by offering rewards and celebrations for those who demonstrate exceptional commitment through their Volunteer Time Off (VTO) hours. Through this initiative, we hope to encourage and reward our team for their contributions, enabling us to gather precise and comprehensive data on our collective impact in the community.
- Jessica Shor
General Counsel, Contentstack