Innovative Employment Policies Webinar Series Recommendations

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Interreg SIV – 
Webinar Series - 
4. Innovative Employment Policies
25th of May 2022
Policy recommendations
István Tamás Szenttamási – IFKA (PP4)
AGENDA
Logic of funding social impact vouchers
Challenges
Public funding opportunities for social impact vouchers
Conclusions and recommendations
LOGIC OF FUNDING SOCIAL IMPACT
VOUCHERS
Social
impact fund
Social
impact
vouchers
Employers
Job
seekers
Private
capital
Employment
CHALLENGES
 
Modification of the funding concept
Changes of the economic and social macro context
Labour market changes
Changes in labour market policies
Changes in strategies and priorities of private (impact) investors
Planning weaknesses
COVID-19
Ukrainian war and
migration crisis
Increase in unemployment
Increase in available labour force
Goal: Keeping people in work and
employed
Loads of public finance for mitigating labour market consequences of COVID
job protection wage subsid
ies, 
job creation wage subsid
ies, 
sectoral
wage subsid
ies, 
shortened working time scheme
s
 (Kurtzarbeit
)
No need for investments in innovative/experimental
labour market instruments
Investors seeking more secure and conservative
investment opportunities
Missing return on investment
Missing or lower refunding willingness
Impact investors  looking for more
concrete issues to invest in.
Need for cooperation with public policies
Need for involvement of public funding
INVOLVEMENT OF PUBLIC FUNDS
Social
impact fund
Social
impact
vouchers
Employers
Job
seekers
Private
capital
Public
funding
Employment
 
Policy reports
ESF Plus
ERDF
Other public funding opportunities
Recommendations
PUBLIC FUNDING OPPORTUNITIES FOR SIV
- SUMMARY
Revision is important as majority of the programmes are under development or
has not been approved yet.
ESF PLUS FUNDING OPPORTUNITIES FOR
SIV
ESF PLUS FUNDING OPPORTUNITIES FOR
SIV
 ERDF FUNDING OPPORTUNITIES FOR SIV
 ERDF FUNDING OPPORTUNITIES FOR SIV
OTHER PUBLIC FUNDING OPPORTUNITIES
FOR SIV
CONCLUSIONS AND RECOMME
NDATIONS
 
How to involve public funding in social impact voucher programmes? How to influence
public policies?
Potential strategies:
Membership and
participation in
regional/national ESF+
/ERDF/
 other public funding
working groups
Cooperation with labour
market stakeholders/networks
with influencing potential
on policies for EU and 
national
funding
Eneabling policy environment
Dedicated financial resources
Clear legal and financial regulations
Tailor-made programs
Project level funding: 
Social Impact Voucher programs as individual and innovative
solutions for the employment problems addressed by certain policy instruments (EU
funded and national development programs and calls for proposal)
Program level funding: 
Social Impact Vouchers as integrated financing tools of
policy instruments for solutions of labour market challenges
CONCLUSIONS AND RECOMME
NDATIONS
 
Hot topics for mobilizing public (and private!) funds for SIV programmes nad to engage
public policiy actors
Labour market integration (job placement + supporting services) for specific target groups
Parents/single parents taking care of dependents
Youth, NEETs
Seniors (over 50)
Disabled people
Marginalized groups (e.g. the Roma)
Long term unemployed people
Low educated people
Migrants with refugee as well as economic migration background
Gender-balanced employment
Economic, labour market and social development of peripheric/underserved
territories/communities
Development of skills supporting the labour market integration/digital transformation/carreer
change of job seekers and employees
Strengthening entrepreneurship/self employment
Modernization of labour market services
CONCLUSIONS AND RECOMME
NDATIONS
 
ARGUMENTS FOR PUBLIC INVESTORS
WHY SIV? – Webinar 3.
Recent crisises + Demographic trends (natural loss + migration) + digitalization 
 
Fast changing labour market
Traditional active labour market instruments are not able to follow and adapt 
  Rapid
response and flexible solutions are needed
Social Impact Voucher
Constant and increasing demand for skilled workers
Employment generating measures are needed
Traditional active labour market instruments are not able to meet the needs 
Innovative labour market instruments  can be effective additions to traditional measures
Social Impact Vouchers
WHY PUBLIC FUNDING? – Webinar 2.
In many of the Central European countries impact investment markets are less developed 
 Public
money is inevitable to introduce, test and scale innovative solutions on the labour market
Public funding builds trust in private investors 
 public investments prepare the ground for
(complementary) private investments
WHY DOES IT WORTH? – Webinar 1.
Impact measurement is crucial – Impacts of public investments can and have to be measured and
translated into monetary values 
 justification, trust building
IFKA Public Benefit non-profit Ltd.
Budapest
Andrássy út 100.
1062
Hungary
+
36 30 9948 065
szenttamasi.tamas@ifka.hu
https://ifka.hu/
CONTACT INFORMATION
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The webinar series on Innovative Employment Policies held on May 25th, 2022, highlighted policy recommendations and challenges pertaining to funding social impact vouchers, public funding opportunities, and the involvement of public funds. It discussed modifications in funding concepts, changes in the economic and social macro context including the Ukrainian war and migration crisis, COVID-19 repercussions on the labor market, and the need for cooperation with public policies for effective impact. The event emphasized the importance of revising existing programs for the successful implementation of innovative employment strategies.


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  1. Interreg SIV Webinar Series - 4. Innovative Employment Policies 25th of May 2022 Policy recommendations Istv n Tam s Szenttam si IFKA (PP4)

  2. AGENDA Logic of funding social impact vouchers Challenges Public funding opportunities for social impact vouchers Conclusions and recommendations 2 TAKING COOPERATION FORWARD

  3. LOGIC OF FUNDING SOCIAL IMPACT VOUCHERS Employers Social impact vouchers Private capital Social Employment impact fund Job seekers 3 TAKING COOPERATION FORWARD

  4. CHALLENGES Modification of the funding concept Changes of the economic and social macro context Ukrainian war and migration crisis COVID-19 Labour market changes Increase in available labour force Increase in unemployment Changes in labour market policies Loads of public finance for mitigating labour market consequences of COVID job protection wage subsidies, job creation wage subsidies, sectoral wage subsidies, shortened working time schemes (Kurtzarbeit) Goal: Keeping people in work and employed Changes in strategies and priorities of private (impact) investors Investors seeking more secure and conservative investment opportunities No need for investments in innovative/experimental labour market instruments Planning weaknesses Impact investors looking for more concrete issues to invest in. Missing or lower refunding willingness Missing return on investment Need for cooperation with public policies Need for involvement of public funding 4 TAKING COOPERATION FORWARD

  5. INVOLVEMENT OF PUBLIC FUNDS Private capital Employers Social impact vouchers Social Employment impact fund Job seekers Public funding Policy reports ESF Plus ERDF Other public funding opportunities Recommendations 5 TAKING COOPERATION FORWARD

  6. PUBLIC FUNDING OPPORTUNITIES FOR SIV - SUMMARY Country ESF+ (13) (1) - (3) ERDF (11) - - (3) OTHER (6) (3) (1) - Austria Croatia Czech Republic Germany (Baden- W rttemberg) Hungary Poland Slovakia Slovenia - - - (3) (4) (1) - (3) (4) (2) - (1) - - (1) Revision is important as majority of the programmes are under development or has not been approved yet. 6 TAKING COOPERATION FORWARD

  7. CONCLUSIONS AND RECOMMENDATIONS How to involve public funding in social impact voucher programmes? How to influence public policies? Potential strategies: Membership and participation in regional/national ESF+ /ERDF/ other public funding working groups Cooperation with labour market stakeholders/networks with influencing potential on policies for EU and national funding Eneabling policy environment Dedicated financial resources Clear legal and financial regulations Tailor-made programs Project level funding: Social Impact Voucher programs as individual and innovative solutions for the employment problems addressed by certain policy instruments (EU funded and national development programs and calls for proposal) Program level funding: Social Impact Vouchers as integrated financing tools of policy instruments for solutions of labour market challenges 12 TAKING COOPERATION FORWARD

  8. CONCLUSIONS AND RECOMMENDATIONS Hot topics for mobilizing public (and private!) funds for SIV programmes nad to engage public policiy actors Labour market integration (job placement + supporting services) for specific target groups Parents/single parents taking care of dependents Youth, NEETs Seniors (over 50) Disabled people Marginalized groups (e.g. the Roma) Long term unemployed people Low educated people Migrants with refugee as well as economic migration background Gender-balanced employment Economic, labour market and social development of peripheric/underserved territories/communities Development of skills supporting the labour market integration/digital transformation/carreer change of job seekers and employees Strengthening entrepreneurship/self employment Modernization of labour market services 13 TAKING COOPERATION FORWARD

  9. CONCLUSIONS AND RECOMMENDATIONS ARGUMENTS FOR PUBLIC INVESTORS WHY SIV? Webinar 3. Recent crisises + Demographic trends (natural loss + migration) + digitalization Fast changing labour market Traditional active labour market instruments are not able to follow and adapt Rapid response and flexible solutions are needed Social Impact Voucher Constant and increasing demand for skilled workers Employment generating measures are needed Traditional active labour market instruments are not able to meet the needs Innovative labour market instruments can be effective additions to traditional measures Social Impact Vouchers WHY PUBLIC FUNDING? Webinar 2. In many of the Central European countries impact investment markets are less developed Public money is inevitable to introduce, test and scale innovative solutions on the labour market Public funding builds trust in private investors public investments prepare the ground for (complementary) private investments WHY DOES IT WORTH? Webinar 1. Impact measurement is crucial Impacts of public investments can and have to be measured and translated into monetary values justification, trust building 14 TAKING COOPERATION FORWARD

  10. CONTACT INFORMATION IFKA Public Benefit non-profit Ltd. Budapest Andr ssy t 100. 1062 Hungary https://ifka.hu/ szenttamasi.tamas@ifka.hu +36 30 9948 065 15 TAKING COOPERATION FORWARD

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