Rationale Based on 2007-08 ROI
- BTG work experience and training model was introduced in 1998
- The model addresses the needs of growing business with the community’s need for jobs and training
- Delivered in 6 different economic zones
- 107 participants
- 14 companies
- 11 Community Learning Network Teams for each BTG site
Research Objective
- To determine the BTG ROI for:
- Trainees
- Participating Businesses
- Other Key Community Stakeholders
Methodology
- Develop survey instruments for Trainees, Businesses, and Community Stakeholders (using in-person meetings, telephone interviews, and focus groups)
- Develop Data Sharing Agreements
- Using data, generate financial measures for ROI Analysis:
- Net Present Value
- Benefit to Cost Ratio
- Payback Period
- Internal Rate of Return
Participant Employment in Months Before and After BTG
The average number of months worked per year by the group before participating in BTG was 5.34. After participating in the BTG projects the average number of months worked per year increased by 39% to 7.41.
Percentage of Full Time Employment Before and After BTG
88% of participants have been employed since BTG project completion. 72% of participants surveyed were offered employment by the participating businesses. Of those surveyed and offered employment all accepted employment with the participating businesses.
Annual Gross Revenues Before and After BTG
Businesses claim that annual gross revenues have increased from $1.3 million to $1.9 million following participation in the BTG program. This is a 46% increase in annual gross revenues.
Business Activity and Productivity After BTG
85% of the businesses surveyed reported a positive financial effect on their business. With respect to productivity, 83% of businesses surveyed reported an increase in productivity among employees.