Click here to close now.




















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.

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
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...