Theory
- A mutual (open) credit system, where credit exists between agency/organisation and person
- Time bank is situated within an employment setting, with membership of the time bank open to employees, staff, students, etc
- Activity may be themed around particular needs of agency leading the time bank or may be more focused on meeting personal needs of staff/employees
- Using time banking tool to create learning organisations
Practice
- To develop a pool of staff who can recognise and develop a wider range of skills than those required directly for their job role
- The time banking tool is a mechanism for creating 'learning organisations' by providing a framework that enables individuals to enhance their professional and personal development and build social and professional networks
- A broker works with individuals and organisations to identify skills and resources that they have, and those they need access to or wish to develop for themselves
Factors for Success
- A core group of individuals and organisations interested in becoming involved
- Everyone involved must have something they need and something they can give
Potential Problems
- important for staff to recognise and receive personal benefits to ensure the time bank doesn't become a way to get more out of people
- wide mix of skills and resources, possibly themed around specific outcomes e.g. personal development, training
Examples from London
Florence Nightingale School of Nursing and Midwifery 'Time and Talent' bank:
Currently in development this project would use the time banking tool to develop a pool of people who can exchanges expertise, extend and enhance the range and flexibility of programmes that the school can offer.
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