Because of the decrease in availability of revenue for both private and public funders, creative ideas and models are being put forth to deliver services to the “hardest to serve” populations.
These models are based on grant payments being made at milestones achieved during specific time frames instead of prior to services being delivered.
The Pay for Performance concept is catching on in the U.S. A stagnant economy, a $1.3 trillion federal deficit, and serious budget pressures across various states and localities are conspiring to fuel legislatures and demand a change of tack in approaches to social spending. This can be seen with private funders as well, as donations and investments are down from prior years.
In Workforce Development this is translating into grant payments being leveraged at placement and retention milestones instead of just being based on completion of a training and job readiness program.
Being able to successfully document enrollment, job readiness training, placement and retention services, means that not only will your clients receive a results driven professional experience, but your agency will be timely compensated to insure the continued growth and success of your programs.
ETO Workforce Development software is specifically designed to manage the complexities of a Pay for Performance grant. In addition to tracking the client’s availability, skills, knowledge and experience, ETO has the capability to manage the employer’s needs and requirements as well. This leads to greater success in “placing the right candidate the first time.” As a result, the client and the employer have a working relationship that leads to a longer and more successful retention.
Trying to track retention and wages can be a challenge for any organization. In the Pay for Performance model, it is even more important to report retention in a timely manner. Milestones based on either time worked, and or wages earned, can be calculated in ETO and downloaded into reports to document completion of events such as retention at 30, 90 or 180 days, at an average wage.
ETO’s reporting tool, SAP Business Objects Web Intelligence (WEBI), will produce professional, accurate, eye-catching reports that can be used in helping secure additional grant funding so your organization can grow and deliver services to a larger population.