Direct Jobs Supported in the Investee Company (O&M)

H-47

DEFINITION:

Number of full-time equivalent workers, as per local definition, working for the investee company or investment project at the end of the reporting period unless there is seasonal variation. This includes individuals hired directly and individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the investee company or investment project. This also includes full-time equivalent work by seasonal, contractual and part-time workers.

GUIDANCE:

This indicator reflects the number of full-time equivalent workers in the investee company at the time of reporting or during the reporting period. This is a separate indicator from direct jobs supported in direct operations, different to the indicator of jobs in the intermediary, and does not apply to other intermediated operation other than debt/equity funds.

Scope:

Whenever possible and feasible report the number of workers that work in the project or client company. If a company facilitates the trading of goods or services between two parties, but does not itself purchase those goods or services, these jobs should not be included (e.g. gig economy, independent contractors and freelancers should not be considered employees of platforms through which they operate).

Reporting period:

Report number of Full Time Equivalent (FTE) workers at the end of the reporting period, unless there is significant seasonal variation in the number of non-permanent workers, in which case please average the number of FTEs over the reporting period for temporary workers, using the FTE calculation below.

Full time Equivalent (FTE):

Part-time jobs are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job.  Where companies employ piece-rate workers, a piece rate per hour or per day will need to be estimated, in order to calculate the FTE. Where there are a large number of workers on variable hours, including day labourers, please include typical number of workers on site at any one time.

Construction Jobs:

Only include construction jobs if the company is itself a construction or real estate company, and the jobs are therefore not expected to cease at the end of the construction phase of any individual asset. Construction Jobs supported during the construction phase of a company’s assets are not included in this metric. All jobs associated with time bound construction projects should be captured under refer to the metric: Construction Jobs.

Applicability: Fund investment, not intermediated finance.

Related indicators: Direct jobs supported in the investee company (O&M) – Female is a subset of this indicator. Apart from this indicator several jobs metrics exist. This indicator is similar to Direct Jobs Supported (Operations and Maintenance) for direct operations but focusses on investee companies of an equity/debt fund. It is different to the indicator Direct Jobs Supported in the Intermediary as this refers to the investee company only, not the intermediary. The indicator is also different to Direct Jobs Created  (Operations and Maintenance). It measures the number of jobs in the respective investee company, not the increment or any counterfactual scenario.

Unit: #FTE