Innovative Employment Policies Webinar Series Recommendations
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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Presentation Transcript
Interreg SIV Webinar Series - 4. Innovative Employment Policies 25th of May 2022 Policy recommendations Istv n Tam s Szenttam si IFKA (PP4)
AGENDA Logic of funding social impact vouchers Challenges Public funding opportunities for social impact vouchers Conclusions and recommendations 2 TAKING COOPERATION FORWARD
LOGIC OF FUNDING SOCIAL IMPACT VOUCHERS Employers Social impact vouchers Private capital Social Employment impact fund Job seekers 3 TAKING COOPERATION FORWARD
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
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
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
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
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
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
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
