Sectors of Focus

  • Financial Services
  • Financial Services: Microfinance
  • Land Conservation

Investment Lens

  • Poverty Level
  • Small and Medium Enterprises (SMEs)
Filters

Jobs Created at Directly Supported/Financed Enterprises: Low Income Areas (PI2251)

Net number of new full-time equivalent employees living in low income areas working for enterprises financed or supported by the organization between the beginning and end of the reporting period.

Many organizations may choose the beginning of the reporting period to be the time when the organization began its support/investment.
Reporting format
Unit Referenced within Metric Definition
Metric type
Stock
Metric level
Product/Service, Organization
IRIS metric citation
IRIS, 2016. Jobs Created at Directly Supported/Financed Enterprises: Low Income Areas (PI2251). v4.0.

Footnote

Organizations should footnote all assumptions used. Organizations that report data using more than one reporting period should make very apparent which reporting period they are using for this metric. See usage guidance for further information.

Usage Guidance

  • This metric is intended to capture the jobs created from the time of investment/support until the end of the reporting period in low income areas. This metric is most likely applicable for organizations involved in the financial and land conservation sectors.
  • Adding Jobs Maintained at Directly Supported/Financed Enterprises: Total (PI5691) to Jobs Created at Directly Supported/Financed Enterprises: Total (PI3687) should be equivalent to Jobs in Directly Supported/Financed Enterprises: Total (PI4874)
  • For example, a microfinance organization provided a loan to a small business that had 10 employees at the time the loan was provided and 15 employees as of the end of the reporting period. In this example, Jobs Created at Directly Supported/Financed Enterprises: Total (PI3687) would be 5; Jobs in Directly Supported/Financed Enterprises: Total (PI4874) would be 15; and Jobs Maintained at Directly Supported/Financed Enterprises: Total (PI5691) would be 10.
  • Organizations can refer to the glossary for additional information on defining low income areas.
  • While this metric requests full-time equivalent job information, organizations are encouraged to also provide the breakdown of this data for full-time and part-time positions supported/financed. Organizations can refer to the full-time equivalent glossary term for more detail. In calculating the number of full-time equivalent jobs, part-time jobs should be converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if the standard working week equals 40 hours, a 20 hour/week job would be equal to 0.5 FTE job). Both full-time and part-time jobs should be calculated based on the number of employees employed as of the end of the reporting period. Seasonal or short-term jobs should be prorated based on the time worked throughout the reporting period (e.g., a full-time position for three months at any point during the reporting period would be equal to a 0.25 FTE job). Note that in the United States, the U.S. Treasury Department defines a working week as 35 hours. See glossary definition for more information on how to calculate full-time equivalent.