IS Announces New Estimate for Value of Volunteer Time

Independent Sector has announced that the estimated value of a volunteer hour increased to $19.51 in 2007, up from $18.77 per hour in 2006.

Released every year just before National Volunteer Week, the figure is based on the average hourly wage for all non-management, non-agricultural workers as determined by the Bureau of Labor Statistics, with an extra 12 percent added to account for fringe benefits.

To learn more about how the figure is calculated, as well as tables showing the dollar value of a volunteer hour by year and state, visit the IS Web site.

-- Mitch Nauffts