McKinsey & Company: pro bono support through its ‘Big Shared Cause’ adds a multiplier effect to social sector impact
MCKINSEY & COMPANY Australia. 2021. Article
FROM THE JUDGES:
Great to see McKinsey using its expertise to tackle complex issues of real value to the community. Four days is a great level of volunteering contribution. Great to see the social sector receive the support it needs to obtain insights to build operational capacity.”
RESULTS + IMPACT:
- Social sector leadership capability building:
- Built suite of free day-long leadership programs for social sector managers, Executives and Directors
- At scale, reaching >1000 leaders annually
- Rated 6.3/7 for value of time spent by participants
- Organisational health diagnostic for ~40 social sector organisations
- 4,500 respondents, representing ~20,000 staff
- Workshopped results with ~40 Executive teams
- Augmented with ~50 sector CEO & funder roundtables & interviews
- Report on sector-level results to be published in late November
- ‘Volunteering Time Off’ program
- All staff, four paid days off to volunteer per annum
- Opportunities and supporting materials shared through internal ‘Marketplace’
- 25% of staff participated on McKinsey time – does not include additional volunteering in spare time
OVERVIEW + HIGHLIGHTS:
- McKinsey & Company is a global strategy consulting firm, with ~600 employees across Australia and New Zealand.
- Through the ‘Big Shared Cause’ program, McKinsey selects one to two complex challenges to focus its pro bono effort around for a three-to-five-year period, leveraging the Firm’s core competencies in strategy, analytics, leadership development and cross-sector mobilisation.
- Since 2019, it has focused on social sector leadership capability building given this is a critical enabler to leaders having impact in the community, but is often chronically under-resourced. Over 18 months, the team developed a series of free day-long leadership programs for Managers, Executives and Directors. Facilitated by its 50-member strong McKinsey Volunteer Faculty, the program is now running at scale, training more than 1000 social sector leaders annually.
- In partnership with the Australian Scholarships Foundation, McKinsey has also run an organisational health diagnostic for ~40 not-for-profit organisations, surveying over 4,500 people (representing ~20,000 staff). A report on the findings is due to be released in late November.
2021 Australian Workplace Giving Awards
Category
Best Pro Bono/Workplace Volunteering
Award
Silver