Time Is Money: How to Measure the Value of Volunteers

The three most common ways to measure the value of volunteer time, as outlined by the RGK Center for Philanthropy and Community Service at the University of Texas at Austin, are: Multiply the number of volunteer hours by the average hourly wage for a worker based on local or national statistics; calculate how much it would cost to hire paid employees to do the volunteer task; and calculate how much the volunteer would be paid at his or her regular job for the number of hours contributed.