Research Note: Employment alone is not necessarily enough to achieve economic self-sufficiency. The literature states that the inability to accumulate wealth keeps families in poverty for generations. Low income families are particularly vulnerable to financial crises that can strip them of their assets; therefore, financial assets such as homeownership, savings, investment, and financial resource management skills enable individuals and families to achieve economic security.

NA The organization does not provide financial asset building services.

WDS 8.01

The organization helps the individual overcome barriers to asset building, such as:

insufficient income;
inadequate training or education;
lack of affordable and safe housing;
family responsibilities;
lack of affordable and quality child care; and
transportation needs.

WDS 8.02

The organization works with the individual to develop a plan for financial resource management including:

goal setting;
long- and short-term financial planning;
record keeping; and
controlled spending.

WDS 8.03

The organization works with the individual to establish a crisis plan in case of financial hardship brought on by life events such as unexpected job loss, natural disaster, or illness.

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	PURPOSE: Job seekers who receive workforce development, support, and financial asset building services achieve increased economic self-sufficiency through the attainment and retention of jobs in the community and the promotion of asset accumulation.

RELATED FILES

WDS Private Template.doc
NA Request.doc
WDS Reference List.pdf


	SERVICE One or more organization-operated programs or activities that have a common general objective and deploy the organization's material and human resources in a planned and systematic manner. An organization that publicly promotes or identifies itself in writing as offering a service, is licensed to deliver a service, assigns personnel and/or space to a service, or allocates financial resources to a service is considered to offer that service.


	COMMUNITY A specific group of people living in the same locality and who may share a common culture, values, and norms. Communities can also be defined by race, religion, ethnicity, age, occupation, political status, tribal affiliation, interest in particular problems or outcomes, or other common bonds. The term "community" encompasses worksites, schools, tribes, residential neighborhoods, business districts, recreational areas, and health and human service sites.


	TRAINING Instruction so as to make fit, qualified, or proficient in a skill or body of knowledge.


	FAMILY Two or more people who consider themselves family and who assume obligations, functions, and responsibilities generally essential to healthy family life. Child care and child socialization, income support, long-term care, and other caregiving are among the functions of family life. The definition of "family" will rest with an individual's indication of who plays a family member role, including current or former foster family, adoptive family, extended family members, fictive kin, or significant others. Organizations that believe family is the central constellation in a child's life, and that family attachments are of primary importance for human development, will strive to work with professional staff to develop a common understanding of "family."


	QUALITY In this context, the extent to which contemporary and generally recognized standards for professional practice are met and exceeded, and desirable service outcomes achieved.


	PLANNING The process of specifying objectives, evaluating the means for their achievement, and exercising deliberate decision making about appropriate courses of action.


	CASE A general term used to designate clients (including individuals, families, and groups) served by an organization for purposes of monitoring the provision of services. A foster care case is generally based on the placement of an individual child, although casework for the child may include services to the child's family. A child protective services case is based on an entire family household if a family assessment model is used; otherwise a case is defined as a child.


	MANAGEMENT See ADMINISTRATION