Employee volunteer hours

42‚000

Voya Financial employees have a long history of contributing time, talent and financial support to better the communities where we, and our customers, live and work. They foster a deep culture of giving. Through the Employee Giving Campaign (EGC), our robust volunteer programs and executive board placement program, employees are driving positive change. While employee engagement benefits the community, it also helps employees gain new skills, expand professional networks, gain fresh perspective, discover creativity and practice collaboration skills.

Employee Giving Programs

One vehicle for our employees to demonstrate their commitment to the community is our year-long employee giving program. We exemplify our giving program with a month-long engagement campaign that heightens awareness each September. Voya employees raised $5.8 million in 2018, including the Voya Foundation match. When employees contribute to a qualified charity, Voya Foundation matches dollar-for-dollar up to $5,000 per employee per year.

This investment creates a meaningful difference in our local communities and reinforces our corporate value We Care.

Employee Volunteerism Programs

National Day of Service

National Day of Service (NDOS) is a company-wide program harnessing the greatest asset we have to share - Voya employees. Across the company, executives and employees have the opportunity to participate in a diverse array of community initiatives during NDOS. Whether it’s working on a team alongside colleagues or participating in an individual project, our unified contribution of time and energy on a single day has a significant impact on the communities where we live and work. In 2018, 63% of our employees volunteered in their local communities.

Volunteer Time Away

Each year Voya employees serve their communities — and enrich their own lives — by participating in the company's Volunteer Time Away program, which allows employees to volunteer for up to 40 paid hours per year during their normal work day.

Volunteer Matching Gifts

When an employee volunteers 50 hours or more on their personal time to an eligible nonprofit organization, Voya Foundation donates $500 to the nonprofit organization.

Volunteer Sabbatical Program

Through a competitive application process, a selection of Voya employees were chosen to participate in the third annual employee volunteer sabbatical project in Arizona (2019) that supports Voya Foundation’s giving priorities. Employees volunteer their time to support community needs. 100% of participants rated their experience as excellent or very good.
 

Employee Volunteer Program Results¹
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Employee Volunteer Program Results1

  2016 2017 2018
  Volunteer Hours Volunteer Participation Rate Volunteer Hours Volunteer Participation Rate Volunteer Hours Volunteer Participation Rate

National Day of Service

13,567

54%

13,379

59%

13,653

63%

Year-round Volunteerism

35,464

65%

33,977

75%

28,347

72%

Total

49,031

N/A

47,3562

N/A

41,858

N/A


1 Report totals do not include administrative hours, time devoted by employees to plan, coordinate and manage volunteer events.

2 Voya's employee population decreased from 2016 to 2017, which we believe accounts for the decrease in volunteer hours. The participation rate, however, increased, which is a testament to our culture and the enthusiasm employees have for giving back to the communities where we live and work.

Employee Engagement Target and Results³
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  National Day of Service
  Leadership Participation Rate Target4 Leadership Participation Rate Result4 Employee Participation Rate Target5 Employee Participation Rate Result5
2017 100% 100% 55% 59%
2018 100% 97% 60% 63%
2019 100% 97% 67% 63%

 

  Employee Giving Campaign
  Participation Rate Target Participation Rate Result Dollars Raised
      By Employees Foundation Match Total
2017 60% 68% $2.3M $1.9M $4.2M
2018 65% 71% $3M $2.8M $5.8M
2019 65% To occur in September To occur in September To occur in September To occur in September


3 Year-over-year data for Employee Giving program results is not included because the program year (duration) was changed and therefore results would not be comparable. From and including 2018 going forward, we will report year-over-year data.

4 2017 leadership includes the former Leaders Council, which, at the time, comprised the top 85 leaders across the company. 2018 and 2019 leadership includes the Enterprise Leadership Team, which comprises the top 35 leaders across the company with a focus on growing the business and driving revenue.

5 Employee base includes all full- and part-time, permanent employees including leadership.

Executive Board Placement Program*

The Voya Enterprise Leadership Team (ELT) nonprofit board program is designed to further our community impact and provides opportunities for select Voya executives to serve on nonprofit boards in their local communities. The initiative is mutually beneficial by providing nonprofits with business expertise and promoting deeper connections to the communities where Voya offices are located. 50% of our ELT are serving on local nonprofit boards in the community.

*Status as of July 31, 2019