Beyond The CSR Program For Tax Deduction: The 4 Benefits of Giving Back
Charitable efforts and initiatives are not only for atax deduction for donation purposes in Singapore. Aside from maximising your earnings, giving back to the community, and uplifting the spirits of a particular group in society, you get to experience a whole lot more. Explore the known benefits in this article:
#1: PUBLICITY AND EXPOSURE
What does having a CSR program in Singapore have to do with your publicity and exposure? Assume a food business that conducts regular events and initiatives to help solve world hunger. On top of the products and services they offer to the customers, these things paint them as a partner who cares for the world or someone you can count on. Think of it as fighting for a cause that aligns with your business. People will surely remember the company for those things.
#2: EMPLOYEE ACTIVITIES
In most cases, a charity organisation in Singapore asks the employees to join the events or start planning them if their schedule and responsibilities permit them. Here, they are not only helping the business achieve its advocacies and other causes. Instead, they might even be able to boost their career by having a healthy balance between intelligence and emotion or other activities outside their jobs. (Tip: Plan everything that suits the needs of your employees to avoid schedule issues and other problems.)
#3: HELP THE COMMUNITY
Helping the community or giving back to people is not an easy step that succeeds overnight. In fact, no one company or organisation can help minimise world hunger or increase awareness of a particular issue. However, helping the community through a CSR initiative in Singapore offers many benefits at once. For instance, the community your business serves becomes more productive or happy, and in return, your company grows. (Tip: View the community as an extensive one with many parts to know everything.)
#4: ACHIEVE FULFILMENT
Aside from the tax deduction for donation in Singapore, the marketing benefits to your company, and the elevated employee productivity and happiness, the last and most important benefit is achieving fulfilment! Go beyond the financial and business rewards, and realise that giving back offers more than that. Imagine being able to help others and uplift their spirits. No one can put a price on those things!
Singapore Children’s Society is a charity organisationthat helps companies achieve their corporate goals. Explore their website to learn more about giving back to the community.