Time tracking is important in many industries in order to improve efficiency and profitability. But when it comes to nonprofits, whose goals are much bigger than the bottom line, time tracking is just as vital to success.
Why? Just because they’re not being paid for the work, doesn’t mean volunteer time is any less valuable to your organization – on average a volunteer hour is worth $24.14. With over 170,000 charitable and nonprofit organizations in Canada and over 13 million volunteers, this amounts to a huge amount of labour and time.