Net number of new full-time equivalent employees 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.
This metric has been updated.
Please click here to see the most up-to-date version and refer to Metric History for details on the changes.
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.
This metric is intended to capture the jobs created at supported organizations throughout the reporting period.
Organizations may choose to disclose employment by function (examples: operations and maintenance, construction, land conservation).
Jobs in Directly Supported/Financed Enterprises (PI4874) is the sum of Jobs Maintained at Directly Supported/Financed Enterprises: Total (PI5691) and Jobs Created at Directly Supported/Financed Enterprises: Total (PI3687). For example, if 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, Jobs Created at Directly Supported/Financed Enterprises: Total (PI3687) would be 5; Jobs in Directly Supported/Financed Enterprises (PI4874) would be 15; and Jobs Maintained at Directly Supported/Financed Enterprises: Total (PI5691) would be 10.
While this metric requests data on full-time equivalents, organizations are encouraged to also provide the breakdown of these data for full- and part-time positions supported/financed. Organizations can refer to the full-time equivalent glossary term for more detail, including notes on its calculation. In brief, 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 definitions (for example, if the standard working week equals 40 hours, a 20-hour-per-week job would be 0.5 FTE). Both full- and part-time jobs should be calculated based on the number 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. (For example, a full-time position for three months at any point during the reporting period would be 0.25 FTE.) Note that, in the United States, the U.S. Treasury Department defines a working week as 35 hours.
Organizations are encouraged to report other job-related metrics to assess the quality of jobs created. Examples of these include Worker Safety Policy (018001), Employment Benefits (OI2742), Employees Trained (OI4229), Flexible Work Arrangements (OI7983), and Employees: Minimum Wage (OI5858).
In some contexts, this metric can serve as an indicator of whether the outcome being sought by an investor or organization is occurring (the WHAT dimension of impact). For more on the alignment of IRIS metrics to the five dimensions of impact, see specific guidance document. No single metric is sufficient to understand an impact; rather, metrics are selected as a set across all dimensions of impact. When possible, the selection of metrics to measure and describe the five dimensions should be based on best practice and evidence.
This metric has 1 related submetrics.
Metrics identified as "cross-category" are those that are relevant to any IRIS+ Impact Category or Impact Theme (i.e., these metrics are not specific to any particular industry/category or theme).
Direct Jobs Created by the Investment (Operations and maintenance)
January 2020 - IRIS v5.1 Released
Immaterial change. Minor revision to Usage Guidance and definition for clarity.
May 2019 - IRIS v5.0 Released
Immaterial change. Usage guidance updated to incorporate reference to other related metrics which can be helpful to assess whether jobs are considered decent jobs.
March 2016 - IRIS v4.0 Released
Material change. Metric definition language modified to clarify time horizon for measurement.
March 2014 - IRIS v3.0 Released
Material change. Jobs Created at Directly Supported/Financed Enterprises: Total (PI3687) replaced Jobs Created (In Financed Enterprises) (PI3687). Metric name and definition language modified to provide clarity.
November 2011 - IRIS v2.2 Released
No change.
February 2011 - IRIS v2.1 Released
No change.
September 2010 - IRIS v2.0 Released
Immaterial change. Jobs Created (In Financed Enterprises) (PI3687) replaced Indirect Jobs: Number (A10.1). IRIS ID / metric name changed due to framework upgrade. Minor revision to definition language for clarity.
September 2009 - IRIS v1.0 Released
New metric. Indirect Jobs: Numbers (A10.1) developed via Original IRIS Working Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).
JII definition: Number of new full-time equivalent workers, as per local definition, that are hired as a direct consequence of the investment project implementation during the reporting period (see guidance). This includes individuals hired directly and individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the investment project. This also includes new full-time equivalent work by seasonal, contractual and part-time workers. Existing workers on the records of the client company prior to the investment project are not to be included in this indicator, except where the base case establishes that existing jobs are terminating without the investment project.