“The aim of this report was to answer the question: What is the Social Return on Investment (SROI) of engaging 288 teenagers in a training and job placement program) in Spain.
The Norte Joven Association was founded 36 years ago to promote the personal development and social and labor integration of people in social disadvantage, mainly young people, by offering education and training, promoting access to employment, and raising social awareness.
The organization runs several initiatives related to offering training alternatives to those who, for personal, social, and/or economic reasons, encounter more barriers to their social inclusion and labor integration. To prevent the current high levels of youth unemployment, Norte Joven promotes different lines of intervention: holistic and tailored training plans, care for minors, social integration for immigrants, asylum applicants, refugees, and networking.
The results shown in the report for the “Generating Future by Connecting Training to Employment” program go beyond the value captured in other social impact measurements, as it intends to put a financial value to the outcomes identified by the stakeholders. SROI is a vital tool that should be part of any decision-making process related to social programs or/and investments.
Most stakeholders who engaged in program experienced highly valuable outcomes. Using the principles of SROI, this analysis found that the social return ratio was calculated at €2.28 for every €1.00 invested. Sensitivity analysis revealed that the social return likely appears in a range between €1.47 and to €4.40.
The analysis was developed for this program but the methodology (SROI) could be applied to any other program run by the organization.
SROI focuses on measuring “what changes” as a result of the activity financed and managed by the Norte Joven Association. In this project, 760 people were identified as respondents and grouped into different stakeholder groups to be involved in the analysis. The changes (impacts) brought about by the program have been studied in detail to record and measure the perceived value without judging the outcomes.”