In this blog, we explain what workplace giving is, its benefits, how it works, along with the impact of supporting The Common Good through your workplace giving program.
There is so much research that needs to be done to help people live healthier for longer.
At The Common Good, we strive to sustainably fund medical research carried out by talented people who have a passion to make a difference and improve patient outcomes.
An easy and effective way you can give a little to change a lot is workplace giving.
Workplace Giving: What is it, and how does it work?
Workplace Giving is also known as payroll giving, and as the name implies, it involves contributing regular and consistent donations through your workplace.
Employees donate a nominated, fixed portion of their pay on a regular basis – for example, $5 each week, fortnight or month – to a charity like us!
The deduction is taken out pre-tax, so there’s no messy paperwork for you to fill out at the end of the financial year.
It’s a great way to set and forget for your #lifeadmin, as long as you don’t forget about what an incredible person you are for doing it!
To understand the full details though, the ATO explains more about how it works here.
Benefits of Workplace Giving to Employees and Businesses
- Regular donations are set up to be deducted automatically, so you don’t have to think about when and how to show your support to a cause you care about.
- Maximum tax benefit, as the amount is taken pre-tax it means less out of your pocket. For example, when you give $5 from your pre-tax earnings, it only costs you approximately $3.50. However, The Common Good receives the full $5 donation. It’s important to note that the exact figure and benefit will depend on which tax bracket you are sitting in.
Benefits for businesses include:
- Promotes employee engagement, boosts morale and has a positive impact on staff culture
- Showcases your corporate social responsibility
- Empowers staff to make a difference for a good cause
Note: For your business to have an even greater impact on the cause, why not match your employee donations? Other ways you can give back as a company include workplace fundraising or corporate volunteering.
What Impact Does Your Support Have?
Workplace giving is a form of regular giving, and for charities like us, it’s the most reliable source of funding to ensure that life-saving medical research can continue.
The impact of your support means that researchers can be supported with more funding opportunities from The Common Good, helping them find cures or better treatment options, and helping make patients lives’ better in some way.
“By and large, research studies are only made possible through funding sources that provide wages and resources for the team members to successfully complete projects. As a full-time clinician, the research within my PhD and evaluation of patient outcomes simply would not be possible without the support of The Common Good and the generous donors who provide crucial non-clinical time to complete these studies,” said Luke Churchill, PhD Scholarship Recipient, whose PhD is supported by The Common Good and its donors.
All Contributions Make an Impact
Workplace Giving for Metro North Employees
As a hospital employee, we know you are dedicated to achieving the best outcomes for patients and their families. Whether it be research, equipment or patient programs, your generosity as a workplace giver helps fund these important needs.
“If you want to help patients, it’s important to be supporting research to make that possible. One way of doing that is by becoming a Workplace Giver,” says Dr Eamonn, Researcher and Geriatrician at The Prince Charles Hospital.
We already have a workplace giving program in place, and it’s simple and easy to get started and have your regular donations make an extraordinary impact for as little as $5 per pay!
Click here for instructions to get set up and join our incredible community of Workplace Givers!
Even a few dollars each pay makes a substantial difference, as the amount accumulates over time.
Imagine if you and 9 other colleagues contributed just $5 per fortnight from your pay. Think that’s too small to make a difference? No way! Together, that’s $1300 that can now support important initiatives to help people live healthier for longer.
That’s why we say, giving a little, changes a lot!
Inviting The Common Good to be part of your program
Not part of The Prince Charles Hospital or Queensland Health? You can invite The Common Good to be included in your workplace giving program where it’s a win-win-win for employers, employees and us!