Welcome!

News Feed Item

BMO 2014 Volunteer Day Study: 95 Per Cent of Canadians Believe Volunteering Has Positive Impact on the Economy

- According to the most recent industry data, time spent volunteering in 2010 was equivalent to more than 1 million full-time jobs

TORONTO, ONTARIO -- (Marketwired) -- 06/03/14 -- The vast majority of Canadians believe volunteering has various positive economic impacts on the economy - and the latest industry data appears to support that notion, according to a new study released today by BMO Financial Group.

The study, designed to provide a snapshot of volunteerism in Canada, was released ahead of BMO Volunteer Day, a company-wide initiative that will involve thousands of employees volunteering in approximately 400 projects in communities across North America.

Conducted by Pollara, the study found:

--  95 per cent of Canadians believe volunteering contributes to the economy
--  In fact, according to the most recent industry data, Canadians
    contributed approximately 2 billion hours of their time to volunteering
    in 2010 - equivalent to more than 1 million full-time jobs and 5 per
    cent of total labour compensation
--  Of those who believe there is an impact, more than half believe
    volunteering helps improve social cohesion and socio-economic outcomes
    in communities (53 per cent)
--  Another 51 per cent say volunteering can help people learn skills for
    future work

According to the study, the majority of Canadians (61 per cent) have volunteered in the past 12 months; spending an average of 18.7 hours per month. Of that group, Canada's millennial generation is leading the charge; 69 per cent of this group volunteered in the past year, out-pacing the national average by 13 per cent.

Eric Tripp, President, BMO Capital Markets, noted that there are many cases to be made for increasing volunteerism in Canada.

"The act of volunteering is a win-win for everyone involved, as it creates a sense of purpose for those giving back, while strengthening multiple facets of the communities in which we all work and live," said Mr. Tripp. "As a community bank, BMO is part of the fabric of cities and regions across our footprint and beyond, and we have a key interest and a responsibility in ensuring they continue to thrive. It's what we owe."

According to the study, corporate culture can have a meaningful impact for increasing engagement among Canadians. In fact, one quarter of Canadians say they would be more likely to volunteer if their employer did more to encourage them to do so, such as offering a day off for volunteering (26 per cent).

Mr. Tripp added that BMO's longstanding history of giving back is driven by the efforts of BMO employees, who are encouraged to volunteer their resources, time and talents throughout the year.

"Corporate Canada has the responsibility and the resources to make positive contributions to society at large, including the development of projects and initiatives that will improve the communities in which they do business," commented Mr. Tripp. "One way to do this is by mobilizing their workforce and encouraging employees to get involved."

BMO Volunteer Day

BMO Volunteer Day is a legacy of BMO Harris Bank in the United States which launched the event in 2001. In recent years, the initiative has expanded to include all of BMO Financial Group across North America.

This year BMO Volunteer Day will take place on June 4th and will encompass approximately 400 projects in communities across Canada and the U.S., including children and youth organizations, elder care, food banks, community housing and health care facilities, family resource centres, parks and recreational facilities, relief organizations and homeless shelters. Thousands of BMO employees are expected to participate this year.

Results are from a survey which was conducted by Pollara between May 19th and 20th, 2014 with an online sample of 1,012 adult Canadians. The margin of error for a probability sample of this size is +/- 3.1%, 19 times out of 20.

For more information on BMO Volunteer Day, please visit: www.bmo.com/home/about/banking/corporate-responsibility/community/volunteer-day.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $582 billion and more than 45,500 employees at April 30, 2014.

Contacts:
Media Contacts:
Kathleen Savage, Toronto
(416) 867-3996
[email protected]

Valerie Doucet, Montreal
(514) 877-8224
[email protected]
Internet: www.bmo.com
Twitter: @BMOmedia

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Archi...
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...