Statistics New Zealand (2007) stated that more than a quarter of New Zealanders donated over 270 million hours of unpaid labour to third sector organisations in 2004. It is also estimated that 41 percent of the Australian population volunteered in 2005 (Lyons 2006). Volunteering is, however, not...

Volunteer input is vital for achieving the organizational objectives of third-sector service-providers, but volunteers are often invisible in these organizations' financial reports. Preparation cost and a lack of robust models have previously limited the valuation of volunteer time and yet board...