Earlier this year, Atira Property Management Inc. (APMI) contracted Ernst & Young to perform a Social Return on Investment (SROI) analysis. The purpose of the SROI analysis is to determine the costs and benefits to all key stakeholders of hiring Target Employee Group (TEG) individuals. Variables considered in the analysis included employment costs as well as tax, health, housing and local spending benefits. The result is that in the 2012/2013 year, for every dollar spent to employ TEG individuals, there was a $3.32 SROI.
Janice Abbot, CEO of APMI, remarked that the analysis "shows conclusively that hiring employees from our target employee group not only creates a significant financial return on investment for stakeholders like ourselves, the Downtown Eastside community and the government, but also a strong social return."
Download the Atira SROI Report
Table of Contents
| 1. Executive summary | ||
| 2. Introduction | ||
| 2.1 Company background | ||
| 2.2 Social Return on Investment | ||
| 2.3 Target Employee Group | ||
| 3. Approach | ||
| 4. Establishing scope and identifying stakeholders | ||
| 4.1 Scope | ||
| 4.2 Stakeholder mapping | ||
| 5. Impact mapping | ||
| 6. Calculating SROI for the 2012/13 TEG | ||
| 6.1 Calculating TEG | ||
| 6.2 Calculating costs of hiring TEG employees | ||
| 6.3 Calculating quantitative benefits of hiring TEG employees | ||
| 6.3.1 Employee contributions | ||
| 6.3.2 Social assistance savings | ||
| 6.3.3 Increased local spending power | ||
| 6.3.4 Increased availability of shelter for the wider population | ||
| 6.3.5 Reduced criminal justice costs | ||
| 6.3.6 Reduced health costs | ||
| 6.3.7 Reduced reliance on food banks and meal programs | ||
| 6.4 Identifying qualitative benefits of hiring TEG employees | ||
| 6.4.1 Increase in employability and job skills | ||
| 6.4.2 Increase in quality of life | ||
| 6.5 Identifying benefits of APMI | ||
| 6.5.1 Increase in client goodwill | ||
| 6.5.2 Increase in charitable funding to AWRS | ||
| 6.5.3 Vendor sponsorship program | ||
| 6.5.4 Increases in support garnishees | ||
