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Related Experiment Videos

Volunteers. Time is money.

P Browne

    The Health Service Journal
    |February 24, 2001
    PubMed
    Summary

    Hospital volunteers provide significant value, contributing over 35,000 hours and generating a return of 5.57 Pounds for every 1 Pound invested. This audit highlights the substantial economic and time contributions of volunteer services.

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    Area of Science:

    • Healthcare Management
    • Volunteerism Studies
    • Health Economics

    Background:

    • Volunteer services are integral to district general hospital operations.
    • Quantifying the economic impact of volunteer work is crucial for resource allocation.

    Purpose of the Study:

    • To audit and quantify the value of volunteer contributions at a district general hospital.
    • To determine the return on investment for hospital trust expenditure on volunteers.

    Main Methods:

    • An audit was conducted on volunteer activities and time contributions over the past year.
    • Economic valuation was applied to volunteer hours to estimate monetary value.

    Main Results:

    • Volunteers contributed 35,464 hours of free time.
    • The total value of volunteer work was estimated at over 127,000 Pounds.
    • A return of 5.57 Pounds was observed for every 1 Pound invested in volunteer programs, significantly exceeding the national average of 27,000 hours per trust.

    Conclusions:

    • Volunteer programs offer a substantial return on investment for healthcare trusts.
    • The findings underscore the critical role and economic benefit of volunteer engagement in hospitals.

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