When it comes to planning your company’s goals for the year 2020, we’re sure you have a lot of ideas. From revenue increases to higher employee retention, there are lots of great goals to strive for. However, giving back to your community should be one that your company doesn’t ignore for a variety of reasons.
It Brings Employees Together
If your company is lacking in employee morale, then you need to provide a purpose that can allow employees to unite for one cause. Giving back to the community is a great way to rile up feelings of satisfaction in employees who offer their abilities towards the cause. Human nature lets us feel joy when we’re able to give back to those around us and see the help we create first-hand.
It Shows the Community You Care
One great benefit of corporate donation opportunities is that you can showcase your business’s concern for giving back to the community. People like to know that businesses are willing to give some of their profits back to invest in the community. In fact, it will place your business in a positive light that will have potential consumers preferring you over other companies that don’t give back.
It Can Open Doors to Partnerships
Many business managers find that they create many new relationships when they open up their business to the world of giving. You can partner up with other companies that can create lasting relationships well after the donation event is over. People are more willing to work with companies that are willing to give back to their community than those that don’t.
It Can Be a Great Tax Break
The one really cool part about being a business is that you can donate a large portion of the money you owe in taxes to your local community. This tax break is something that big businesses have been utilizing for years to grow their reputation as a giving company while enjoying the satisfaction of not paying the IRS more than they have to. You should speak with your tax professional to see how much you can give to your local community instead of paying taxes to the Federal Government.
While you probably have a long list of company goals for this New Year, you really need to consider giving back to the community. The above are just four of the many reasons this is a great goal to have for this coming year. You’ll not only find it beneficial for employee morale but you’ll find new flourishing relationships developing in your business industry.
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