In this report, the authors discuss the cost and the importance of investing in literacy. They suggest that advanced literacy is the single most important tool that Canadians need to compete in the global economy and present estimates of the total cost of raising the literacy skill of the adult population to Level 3.
This report includes an executive summary and forward followed byfive chapters:
Chapter 1- Introduces the report and provides background on the Adult Literacy and Life Skills Survey and the International Survey of Reading Skills (ISRS) studies upon which analyses in the report are based.
Chapter 2 - Summarizes what was measured in the ISRS and what it means
Chapter 3 - Defines segments in the Canadian literacy market
Chapter 4 - Contains estimates of the costs and benefits of releasing Canada’s economic potential through literacy instruction
Chapter 5 - Summary and conclusions
This page provides links to a collection of 15 publications, grouped under the following headings:
1. Recruiting Volunteers: "Volunteering: A Traditional Canadian Value" "Why People Volunteer" "Stronger Together" "Bridges to the Future" "Family Volunteering: The Ties That Bind" "Volunteering for Work Experience" "A Springboard to Tomorrow"
2. Fundraising: "Fundraising Ideas That Work for Grassroots Groups" "Face to Face" "How to Estimate the Economic Contribution of Volunteer Work" "Guide to Special Events Fund Raising"
3. Promotion: "Promoting Volunteerism" "Low-Cost Small-Scale Publishing" "Publicity!" "Volunteering in the Workplace"
Pension Funds and Alternative Strategies for Investing in the Economy
Authors: Canadian Labour and Business Centre
The everyday business of institutional investing often generates “collateral benefits”, or positive effects in the economy that are ancillary to the primary aim of obtaining optimal earnings in a prudent manner.
In the majority of instances, collateral benefits will happen incidentally, meaning that while pension funds and other institutional investors have allocated assets solely in the pursuit of financial returns, they have inadvertently created non-financial ones. These can include growth or jobs, among other social goods. Of course, being incidental doesn’t make benefits any less valuable.
The attraction of targeted investment programs developed in Canada and the United States is that the considerable assets of large institutional investors can be directed strategically so as to bring specific benefits to targeted communities, populations and economic sectors. Thus, the successful targeted program can be seen as both a financial instrument that achieves market-grade returns and as a tool of social and economic development.
Economically targeted investments, or ETIs, are an American invention, and as such is most widely practiced in capital markets in the United States. Nonetheless, Canadian institutional investors, including some of the larger public sector pension funds, are beginning to venture into this field.
As illustrated by the examples profiled in this report, targeted investing may bring optimal returns to institutional investors. At the same time, such investments may, for example, contribute to bridging financing gaps that hinder the growth of small companies in technology sectors (CDP Sofinov; Western Technology Seed Investment Fund) or provide much-needed capital to small businesses, either to finance critical "modernization" activities such as restructuring, consolidation, turnaround, modernization, and so on (Texas Growth Fund) or to rescue viable firms, often with unionized workforces (KPS Special Situations Fund).
Local Solutions for Financing Investments in a New Economy
In recent years, issues pertaining to access to capital for productive investment have risen steadily on Canada’s public policy agenda. They have also emerged more prominently as concerns of Canadian business and labour, the two constituencies of the Canadian Labour Market and Productivity Centre (CLMPC). An important new focus for the CLMPC is a current trend towards localized financial innovations in all parts of the country.
In 1997, the government of Canada’s four regional development agencies and the CLMPC worked together to study examples of recently established local investment financing models (LIFMs), in order to learn what micro-level institutions and practices have achieved in attempting to reduce financing barriers for small business in communities and regions across Canada. The results of this collaboration have been recorded in this document, with relevant data and analysis provided by the CLMPC through eighteen case studies of LIFMs in western Canada, Ontario, Quebec and Atlantic Canada. This report contains information that would be useful to private and public sector actors and decision-makers in communities and regions eager to obtain information about the practical experiences of their counterparts nation-wide.
Linking Training Investment to Business Outcomes and the Economy
Canada’s preparedness to compete in the increasingly competitive, knowledge-based, global marketplace appears to be in jeopardy because of a lack of awareness that investing in the human capacity of Canada’s workforce is paramount to success. This paper reviews some of the key issues relating to Canada’s economic performance and explores critical linkages between weak national productivity growth, business performance and underinvestment in training and skills development.
In their reflections, the authors consider the following questions: What is the real benefit to Canada’s national economy from training employees? What is the payoff to businesses for investing in training? What is the evidence that training improves the bottom line? Are there any credible and easy-to-use strategies organizations can adopt to evaluate business returns and performance improvements from training?
Authors: Canadian Labour and Business Centre
In light of the current and looming shortage of nurses in Canada, The Nursing Strategy for Canada was developed to strengthen and maximize nursing human resources by implementing broad, planned evidence–based and long–term recruitment and retention initiatives. Within that strategy, the Canadian Nursing Advisory Committee (CNAC) was established to make recommendations for improving the quality of work life for Canadian nurses. To support its work, the committee commissioned a number of studies to increase its understanding of a select group of issues. Key among these is the financial costs of overtime, use of agency nurses, absenteeism and turnover.
The primary objective of this study was to provide quantitative estimates as to the extent and costs associated with absenteeism, overtime and involuntary part–time employment. In addition, the research examines issues of turnover and the use of agency nurses within the nursing profession.
Women's Education des femmes, Fall 1988 - Vol. 6, No. 4
Authors: Diana Ellis
This article examines “grounding assumptions” developed by the Women's Research Centre, Vancouver, British Columbia, concerning women's work and its contribution to the economy. These grounding assumptions are statements used in discussion groups, as the basis for talks and workshops, and for helping other groups to develop their own grounding assumptions to reflect their particular community
Women's Education des femmes, Spring 1999 - Vol. 13, No. 1
Authors: Diana Ellis
This article examines the tactic of working with community women to develop "grounding assumptions" about women and their place in the economy, which can be used to develop action strategies suitable to their needs.
Grounding assumptions present a basic analysis of a situation and offer a useful place for discussion to start. They are statements that need not be broken down any further; statements that can begin comfortably with "We believe that…"
Authors: David Ross
It is sometimes useful for a voluntary organization to be able to calculate the value of volunteer time donated to it or to the voluntary sector as a whole. Such calculations can gain public good will by showing the hard dollar value of the voluntary sector's contribution to the community. They can also help potential contributors and funding agencies appreciate the cash value of the non- money resources contributed to a project by the local community. This booklet is designed to help voluntary organizations calculate the value of volunteer time in a community.
What determines the differences in living standards across economies over the long run? This is the basic question that the authors of this paper attempt to answer. More specifically, this paper examines the role of human capital accumulation in explaining relative levels of income per capita across Canadian provinces between 1951 and 2001. For this study, the researchers used two different types of human capital indicators based respectively on university attainment and literacy test scores and used data from the 2003 Adult Literacy and Lifeskills Survey.
This report includes the following sections:
- Measures of human capital
- Theoretical foundations and empirical methodology