A report produced by Ernst & Young confirms hiring people from the Downtown Eastside benefits taxpayers at a rate of...
October 30, 2013
A report produced by Ernst & Young confirms hiring people from the Downtown Eastside benefits taxpayers at a rate of more than three to one.
Social Return on Investment of Hiring Target Employee Group Individuals
1 April 2012 – 31 March 2013 Report
Earlier this year, Atira Property Management Inc. (APMI) requested the assistance of Ernst & Young (EY) in performing a Social Return on Investment (SROI) analysis. The purpose of the SROI analysis is to determine the costs and benefits to all key stakeholders of hiring Target Employee Group (TEG) individuals. Variables considered in the analysis included employment costs as well as tax, health, housing and local spending benefits. The result is that in the 2012/2013 year, for every dollar spent to employ TEG individuals, there was a $3.32 SROI. If we extend the SROI calculation to include the benefits generated by APMI as an organization (rather than focusing on TEG alone), the cost: benefit ratio increased to $1: 3.69.
Please download the APMI Social Return on Investment Report below.