One of the hottest trends in employee retention and recruitment isn't ping pong table and kegs of beer in the break room; it's giving workers paid time so they can volunteer their time with local charities.

Josh Driver, founder of Selfless.ly, which sells cloud-based software for managing corporate social responsibility programs, says volunteer PTO is an increasingly important part of benefits packages. In fact, nearly one quarter of companies now pay employees to spend their time and energy with a not-for-profit.

Host Mason King talks with Driver about why workers—especially millennials—are so interested in volunteer PTO and why it's good for companies, too. Plus, he offers tips for setting up a volunteer PTO program and says no company is too small to do it.

You can learn more about corporate volunteerism in IBJ's latest Impact Indiana section.

The photo for this week's podcast is courtesy of Pepper Construction.

This edition of the IBJ Podcast is sponsored by the Office of Minority and Women Business Development.