The Scarce Resources model combines the value of the volunteer’s time with the cash costs of engaging volunteers and compares that total cost with the value of the accomplishments, outputs and/or outcomes related to the engagement of volunteers. It is a process for measuring in a “bang-for-the-buck” sort of way, but different than other approaches in that it includes the volunteer’s time as part of the “bucks”.
Other models focus on comparing the amount of money spent on engaging volunteers in an organization to the number of hours volunteers contribute (or the wage equivalency of those hours). In most cases, the Scarce Resources Model represents a more accurate measurement tool upon which you can make management decisions.
© 2010 – 2013 Tony Goodrow – Feel free to quote from this content.
(Please cite the author and www.volunteer2.com/ROI when appropriate.)