News

Payroll giving to charity decreases by 50%

Joe Williams, 30 Nov 2010

9c9b976c-d29f-1822-a5a2e2a56850fe03-jpg

Donating to charity via payroll giving has decreased by 50% since September 2008, according to a HR and payroll services.

Equiniti has reported that donations from individuals working for companies they work with have as much as halved during the recession, with the number of employees giving to good causes also decreasing by 12%.

However, the company believes that the reduction in size of donation, rather than a more significant decrease in the amount of individuals giving, is a positive sign for charities as the economy recovers.

Alan Foley, a director at Equiniti, said: "What is significant, and bodes well for the future, is that employees are not deserting their charities altogether and stopping donations completely; instead they are choosing to cut back, which is much more positive in the long term, as it shows an on-going commitment, but tempered by short term personal financial fears."

0 comments on this article

Your comment

Click here to comment

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

Latest Issue - May 2012

MA Business & Leisure Limited © Copyright 2012, All Rights Reserved