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The estimated monetary value of volunteer time is $22.55 per hour, which is no chump change. Social enterprise Time Auction understands the value of volunteers and rewards them not with money, but by letting them trade hours spent making a difference, for the chance to win a coveted prize. The twist here is that instead of bidding for material items, those who enter the auction are in the running to meet some pretty awesome people from the world of doing good, such as global NGO veteran Marjorie Brans or ex-head of marketing at Facebook Jonathan Ehrlich. To take part, users volunteer in their community and rack up hours which are verified by Time Auction and can be used for bidding. Each auction has a minimum bid amount for every reward, so people are encouraged to accumulate a solid number of hours in order to have a chance of winning. So there you have it, when it comes to doing good your time really is a valuable commodity.
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