Our everyday life is marked by constant change and progress which influences every part of our existence, therefore it is essential to provide young people with a wide range of competences so as to make their professional and personal lives first-rate. In that sense, volunteer activities bring with them a number of values that manifest in acquirement of various competences. Because of its eclecticism, volunteering enables young people to develop a broad spectrum of knowledge, skills and attitudes. In that way, through diverse volunteer activities the young develop their emotional and social competences and by extension perfect their communication and interpersonal skills as well as learn to listen carefully and control their emotions. Volunteering contributes to the development of entrepreneurial competences in young people, which consequentially positively reflect on self-initiative, creativity and innovative thinking. At last, through volunteering, young people develop civic competences which allow for active social participation, but also sensitization to social problems and people with difficulties. It is very important that young people are provided with institutional support in the shape of volunteer centres and school volunteer programmes which encourage them to volunteer and at the same time give them the ability to actively engage and contribute in addressing various problems and needs of their community.