Measuring Impact: Impact Analysis for Workforce Development

Computer modeling to determine the effectiveness of workforce training programs

Uses

  • Measure return on investment for particular programs
  • Compare economic impacts versus program costs across programs or locations
  • Grant applications
  • End of project reports and board presentations

Details

Workforce training programs create economic impact by increasing skill levels and post-training wages of participants. However, some programs are more cost effective than others. This tool can help you understand the return on investment from your training programs, in terms of both economic and revenue impacts, helping to justify funding for these programs.

Questions that this tool can answer:

  • What was the completion rate for the program? 
  • What was the placement rate?
  • Did these trained individuals remain in the community? 
  • How much did their wages increase from pre-training levels?
  • What was the effective cost of the program per trainee? 
  • How did the cost of training compare to the economic impacts (multiplier effects on jobs, income and output), and additional tax revenues generated?

Product Offering

  • Economic and Revenue Impacts for Workforce Training - customized model to measure impacts of single or multiple occupational training programs in a specific geographic area

More Information

 Contact Sarah Murley of Applied Economics  |  602.765.2400 ext. 102