Integrating Financial Security and Asset-Building Strategies into Workforce Development Programs

“The guide recognizes that readers may come from either the asset-building or workforce development field, and thus begins with a brief overview of each system. Following that section are concrete examples that are organized around the five imperatives in the Household Financial Security Framework (described on page 3): learn, earn, save, invest and protect. Recognizing that the extent to which workforce programs can integrate these strategies is partially governed by federal and state policies, the next section offers policy recommendations that can remove barriers to integration and ultimately improve outcomes. The guide concludes with a resources section that contains information about the highlighted organizations” (p. 5). (Abstractor: Author)

“This guide makes the case for integrating financial security and asset-building strategies into a range of workforce development settings. Increasingly, programs are being required to meet tough performance standards, and the research shows that inclusion of these strategies increases the likelihood that they will meet and exceed their goals. The options for providing these services fall along a continuum. Workforce development organizations can refer participants to other providers, they can bring the providers on campus or on-site to deliver the services, or they can provide the services themselves. Examples of all of these options, as well as the menu of possible services, are described throughout this paper.Finally, there is increasing interest from private and public funders in supporting strategies that work across program silos to effectively move individuals and families into the economic mainstream. This interest provides a catalyst for taking action now” (p.5). (Abstractor: Author)

• Last Updated:
• Created:
• Resource Publication Date: 2013
• Author(s): Duran, Angela; Brooks, Jennifer; Medina, Jennifer
• Organizational Author(s): Corporation for Enterprise Development
• Resource Availability: Publicly available
• Posted by: Wesley Peterson
• Posted in: Workforce System Strategies