We researched 500 of Built In’s 2022 Best Places to Work to identify how widespread the adoption of corporate philanthropy benefits is amongst leading employers.
The 500 companies we analyzed were included in five of Built In’s Top 100 Best Places to Work lists across these five major markets: Chicago, Colorado, New York City, Los Angeles, and Boston.
We analyzed 500 Best Places to Work all together, by market, and by size (employee count). And here are the eye-popping results we found…
Corporate philanthropy in Best Places to Work - overall (all 500)
Across these five major markets and 500 Best Places to Work, we found that:
90% of the Best Places to Work offer employees at least one social impact benefit (452/500).
77% offer employees two or more social impact benefits (385/500).
This could be any of volunteering in their local community, partnering with nonprofits, matching charitable contributions, and/or paid volunteer time off (VTO).
And here is a breakdown of each benefit:
79% of companies offer to volunteer in the local community (395/500).
69% offer nonprofit partnerships (345/500).
44% offer to match charitable contributions (218/500).
53% offer paid volunteer time (264/500).
These results are impressive but not surprising given that corporate social responsibility (CSR) is the one unique program that can positively improve all three of these critical areas, simultaneously: employer brand, employee retention, and community.
Workplace philanthropy in Best Places to Work - by market
Breaking down the five biggest markets in the country, we found that Chicago is leading the growing wave of corporate citizenship.
Chicago
97% of Chicago’s Best Places to Work offer employees at least one social impact benefit.
And here is a breakdown of the specific social impact benefits Chicago’s Best Places to Work offer their employees:
Colorado
94% of Colorado’s Best Places to Work offer employees at least one social impact benefit.
And here is a breakdown of the specific corporate philanthropy benefits Colorado’s Best Places to Work offer their employees:
New York City
90% of New York City’s Best Places to Work offer employees at least one social impact benefit.
And here is a breakdown of the specific social impact benefits New York City’s Best Places to Work offer their employees:
Los Angeles
87% of Los Angeles’ Best Places to Work offer employees at least one social impact benefit.
And here is a breakdown of the specific workplace philanthropy benefits Los Angeles’ Best Places to Work offer their employees:
Boston
85% of Boston’s Best Places to Work offer employees at least one social impact benefit.
And here is a breakdown of the specific social impact benefits Boston’s Best Places to Work offer their employees:
Corporate philanthropy in Best Places to Work - by size
We also broke down the 500 companies based on employee counts. And found that as the headcount rises, so does the adoption of social impact benefits.
80% of Best Places to Work with 0-100 employees offer at least one social impact benefit.
90% of Best Places to Work with 101--500 employees offer at least one social impact benefit.
95% of Best Places to Work with 501--1,000 employees offer at least one social impact benefit.
96% of Best Places to Work with 1,001--5,000 employees offer at least one social impact benefit.
97% of Best Places to Work with 5,001+ employees offer at least one social impact benefit.
Overall takeaways
Doing good has long been good for business.
Which is why we found that 72% of 400 Built In Best Places to Work offered employees social impact benefits in 2020.
Now, doing good is required for business.
Which is why 90% of 500 Built In Best Places to Work offer employees social impact benefits today.
And which is also why 100% of ALL Places to Work will offer employees social impact benefits tomorrow.
Many of our customers are included in these lists, such as Yello in Chicago, Suzy in New York, and TigerConnect in Los Angeles – all of which offer employees every social impact benefit tracked by Built In through their partnership with Percent Pledge.
We make it easy for companies of all sizes and their employees to both make and measure a positive social impact. We cover everything for our customers, from nonprofit vetting and matching donations to employee volunteering and impact reporting.
Best Places to Work trust our workplace philanthropy platform to authentically engage with their workforce, reduce employer turnover, and improve employer brand. Meet with one of our social impact experts to learn more about how we can help your company become a leading corporate citizen too.
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