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D WHAT CAN TIMEBANKING ACHIEVE ?
Home | Index |Introduction | Where TBg started | TBg on the Ground | TBg achieves | TBg What More ? | ReferencesAcknowledgements | Glossary | Disclaimer | CopyrightTIMEBANKING [TBG]: A BRIEF DESCRIPTIONReport — June 2012
Written by: Volunteering Unit, Office of Communities, NSW Department of Education
and Communities.
D WHAT CAN TIMEBANKING ACHIEVE ?
The benefits of Timebanking are reported to outweigh the costs.
Time Bank members report boosted confidence, feelings of belonging, of being needed
and useful; Time Banks also offer members the opportunity of revaluing their work
and in some cases, of valuing it for the first time.
This leads to finding recognition and self-esteem for what they have to contribute to
society (Kimmel, 2011).
In a US study, one in five Time Bank members said their participation led to better
health and one in three said it lead to better mental health.
Those who reported such benefits from participating in the Time Bank, were highly
attached to the organisation, above and beyond the specifics of their transactions,
which supports the idea that participants are joining and creating a new community
through the Time Bank, a community with social networks that people lean on for
support and comfort (Kimmel, 2011).
Timebanking also attracts new people to volunteering.
In 2004 in the UK, 51% of participants in Time Banks had not previously been
volunteers.
Timebanking can be an act of social participation for many people, and for a
proportion of those, their only act of volunteering.
Time Banks are more likely to be made up of women (67% compared to 52%), have
more retired members (42% to 19%), more likely to not be employed (72% compared
to 40%), and more likely to have a household income less that $US15,000/£10,000
(58% compared to 16%) (Kimmel, 2011).
Seyfang (2004b) has found that Timebanking creates a collective effort and helps
to realise group visions, create new social institutions and generate new ideas
for the future.
Seyfang (2004a) has also pointed to the value of Timebanking in providing
participation opportunities for newly arrived migrants who do not yet have a
working visa but have a desire for community participation.
In this evaluation, Seyfang (2004a) identified three important lessons for
success and future development:
1 Running the Time Bank as part of an existing community organisation brings
benefits of institutional support, synergy with other projects and local
knowledge and credibility.
2 By engaging local organisations, the Time Bank can build momentum and
engagement in existing projects and activities, and bring benefits to the
wider community.
3 Intensive co-ordinator support is needed at ground level to engage the
most vulnerable and disadvantaged; this often requires face-to-face
discussion and a neighbourhood drop-in facility.
Seyfang (2004a) also points to the importance of managing the interface with
the taxation system and the social welfare system to ensure participation is
encouraged and not penalised.
Collum (2007) found the most successful outcome of Timebanking was that it
gave members the satisfaction of helping others.
This research demonstrated that members of the Time Bank were highly satisfied
with the range of goods and services offered through the Time Bank and had a
‘tremendous’ commitment to the organisation.
Home | Index |Introduction | Where TBg started | TBg on the Ground | TBg achieves | TBg What More ? | ReferencesAcknowledgements | Glossary | Disclaimer | Copyright
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