Why is a PBO important for social enterprise?
Jobs-focused social enterprises, otherwise known as work-integrated social enterprises (or WISE) are playing an increasingly important role in addressing complex barriers to employment. WISE experience significantly better employment outcomes, with success rates of 80% to 52 weeks and beyond.
This is because WISEs provide the training and wrap-around supports (eg workplace capacity building, flexible work environments, social support structures and career support) that are essential to success in day-to-day operations.
An outcomes payment structure which incentivises long-term employment will fund these additional costs and help to create impact at scale.