How Forward-Looking Investors Can Incentivize the Creation of Quality Jobs
While businesses, workers’ organizations, and government may seem most poised to create and preserve higher-quality jobs, private and public entities investing in businesses also have a key role to play in bolstering quality work opportunities within those companies. In fact, private and public funders are uniquely suited to incentivize promising practices that build and sustain quality jobs, help companies track important components of quality jobs within their organizations, and support companies’ quality job goals through technical assistance and capacity building.
This brief describes three promising strategies investors are using to promote higher-quality jobs: 1) prioritizing and incentivizing quality jobs via loan requirements, including reduced interest rates or loan fees, or through their procurement practices; 2) equipping businesses with tools to support quality jobs; and 3) measuring and tracking progress against these over time. The greater part of the brief presents several examples of how funders are working with businesses to pioneer strategies to encourage and invest in quality job creation and preservation.