Evaluation

Time Banking in sharing economy

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Objectives

• Foster collaboration of colleagues within an organisation
• Raise awareness of the potential of Sharing economy within an organisation
• Ensure quality & monitoring during the implementation of a project

Green Value indicator

• CO2 saving/ECO footprint
• Applying a sharing economy-based process to the external evaluation process of a project by exploiting the principles of time banking
• Preventing CO2 emissions by optimizing the work schedule of volunteers and project managers and their collaboration within the organisation, incl. avoiding unnecessary journeys

Explanation

Planning time carefully for the volunteers and project managers’ work schedule, helps companies/organisations to strengthen the collaboration and the mutual support among employees/workers.

In particular, the adoption of a Time Bank system supports the project managers/volunteers/employees allocated to various projects to track the extra hours offered to support the revision/monitoring of each other workgroup’s projects. The extra-hours which sometimes cannot be covered by the work contract nor the project budget, can be recorded in the time bank, in order to encourage people within the organisation to exchange support using the extra hours recorder in the timebank.
To find out more about the time bank principles please check the link below.

This process will enable saving CO2 and Energy consumption linked to hiring external evaluators/consultants for the quality assurance and evaluation of a project, by fostering the collaboration among different workgroups within an organisation/companies.

PROS/CONS of the action

Pros

• Money saving: encouraging quality evaluation among different workgroups within the company/organisation
• CO2 saving
• Strengthen the collaboration among departments and people within the organisation/company.
• Encourage mutual learning within an organisation.

Cons

• Needs supervision and a person in charge to record the hours of the Time Bank
• Needs a plan to avoid eventual conflicts among people giving more time to the time bank than others

Certified

Not Certified

Link to useful sources

Time Banking www.investopedia.com

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