Currently Having a Job

It is well recognised that employment status has an impact on overall wellbeing. The Green Book Supplementary Guidance on wellbeing says ‘generally, having a job is good for wellbeing and considered one of the most important factors linked with wellbeing. Being in a ‘high quality’ job is even better’.

Being in work is associated with better health and social inclusion through the provision of:

  • income
  • social interaction
  • a core role
  • identity and purpose

The UK government, through its Plan for Jobs, is focused on protecting, supporting and creating jobs across the country. The Central Government Social Value Model places a social value on jobs created and a requirement for anyone wanting to supply the government with products or services, to consider the creation – or protection – of local jobs.

This makes this area of social value important to include in the Measure Up wellbeing framework.

WWD1

Currently Having a Job

What we do
  • Employment

Key Value

A monetised economic and social value of 42,000

Economic, and social value of an individual moving into work vs not being in work, per full time equivalent (FTE) job per year for a person who would not be in work otherwise.

There is well recognised value of employment to the individual in work, society as a whole, and the economy, as well as potential cost saving implications for the state.  There are a number of benefits that accrue from moving someone into employment and off-benefit, including:
– Increases in earnings to the individual;
– Increases in tax receipts to the government;
– Reductions in costs to the government from the individual being on benefit; and,
– Health and wellbeing benefits from being in employment.

At the Bronze level we only include economic and wellbeing value as for other fiscal estimates a user would need additional data about the person or people in question.

The headline value includes:

  • an estimated economic value of £35,000 which is based on the average wage in 2023 across the UK from published ONS data
  • a wellbeing valuation using the WELLBY methodology of being in a job versus being unemployed, of £6,000. Adjusted value for inflation to 2023 prices is £7,042 (£7,000). Our approach to inflation adjustments is explained on our Methodology page HERE  The wellbeing value is sourced from State of Life research published in their WELLBY Value Guide.

An overall rounded value of (£35,000 + £7,000 =) £42,000

Actual employment wage rates can be found on the UK government website:
https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/householddisposableincomeandinequality/financialyearending2022 

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/ashe1997to2015selectedestimates 

Local Needs Analysis Data Source

Before using this MeasureUp value, we encourage you to assess the local need in relation to the activity or outcome.

Here is the most useful initial data source for assessing local need in relation to this value.

For assessing local needs related to the value WWD1 ‘Currently having a job’, you can examine employment statistics for your area. The most relevant indicators are: Employment rate, Economic inactivity rate, Percentage of workless households. These are available from the Office for National Statistics (ONS) through the Local Statistics Explorer or standard ONS datasets. You can filter data by country, region, combined authority, or local authority, depending on the indicator.
The employment rate shows the proportion of people aged 16 to 64 who are in paid work. The economic inactivity rate reflects the proportion of the population not in the labour force (e.g., due to study, retirement, or caring responsibilities). The percentage of workless households measures the share of households where no one aged 16 or over is in employment. These indicators are updated annually and provide valuable insight into local employment needs and challenges.

How to measure having a job

If you’re just starting out, start with Bronze first. The result of a Bronze measurement is just an estimate, but requires the least effort; whereas Silver, Gold and Gold+ give more accurate results but require more effort.

Each level has an effort to accuracy indicator, choose the one that’s right for you.

Bronze

Effort

Accuracy

Monetised value:

Multiply the number of Full time equivalent (FTE) jobs created for people who would not be in work otherwise by £42,000.  Report this stating this includes economic and wellbeing value.

Silver

Effort

Accuracy

Monetised value:

Multiply the number of Full time equivalent (FTE) jobs created for people who would not have been in work otherwise by the adjusted welfare weighting. Adjust the economic estimate based on the data about the person or the role created.

Gold

Effort

Accuracy

Monetised value:

Adjust the value based on actual survey results from your stakeholders.

Gold+

Effort

Accuracy

Monetised value:

Adjust monetised value by discounting based on counterfactual, and other discount factors

Value Type: Master outcome What's this?
UN SDG Categories:
  • 5. Gender Equality
  • 8. Decent Work and Economic Growth
  • 10 Reduced Inequalities
What's this?
2020 Social Value Models:
    • MAC 1.1 Employment, re-training, return to work
    • MAC 1.2 Supporting people and community recovery
    • MAC 1.3 Supporting organisations and business to recover
    • MAC 2.2 Employment
    • MAC 5.1 Increase representation of disabled people
    • MAC 6.1 Tackling inequality in the contract workforce
    • Policy Outcome 1: Help local communities to manage and recover from the impact of COVID-19
    • Policy Outcome 2: Create new businesses, new jobs, and new skills
    • Policy Outcome 5: Reduce the disability employment gap
    • Policy Outcome 6: Tackle workforce inequality
    • Theme 1: Covid-19 Recovery
    • Theme 2: Tackling Economic Inequality
    • Theme 4: Equal Opportunity
What's this?
2025 Social Value Models:
    • 1a. Create and retain high quality jobs
    • 1b Fair working conditions
    • 1c. Fair pay practices
    • 1d. In-work progression to help people to move into higher paid work by developing new skills
    • Mission 1: Kick start economic growth
    • Outcome 1: Fair work
What's this?

Evidence

Measure Up focuses on empowering you to numerically measure the impact you’re having. We recommend that numeric reports are backed up with stories and other types of evidence to help illustrate, in human terms, the impact that’s being made on individuals.

We recommend seeking consent from participants in your intervention to collect and tell their story. This should include a little background on the participant, a summing up of life before the intervention, the human impact of the intervention, and the longer term (if known) impact on the person’s life outside of, and after, the intervention.

Providing photographs, audio recordings, video interviews or even artefacts from the intervention (for example, writing, paintings, music from creative interventions) can add more to the story, and convey the emotional impact of interventions more directly.

In some cases it’s appropriate to anonymise or abbreviate the personal information of case study participants. No story should be published or shared without the recorded consent of the individual(s) it concerns. Individuals continue to own the rights to their stories and if they request you stop sharing the story or making it available online you should do so promptly and without need for justification.

More help

We want to empower anyone to perform and improve their impact measurement – without needing a degree in economics.

If you need any more help, or just someone to do the legwork for you we can help signpost you to software, training, consultancy, and strategic support to help you get to grips with the impact you’re having.

Data Sources