Criteria for Each Attribute of the Gainful Jobs Approach™
The following table outlines the specific criteria for each of the six attributes of the Gainful Jobs Approach™. According to the revised 2023 methodology, an employee has a quality job if four or more of the key attributes of the Gainful Jobs Approach™ are present¹.
| Broad-Based Participation |
401(k) plan eligibility and 1 or more of:
|
| Opportunities for Advancement |
Eligible for workplace training (excl. onboarding) and 2 or more of:
|
| Sustainable Livelihood |
Paid at or above a living wage for one adult and no children and 1 or more of:
|
| Belonging |
6 or more of:
|
| Paid Time Off |
Eligible for paid sick time and paid vacation time and 1 or more of:
|
| Wellness Initiatives |
Eligible for health insurance and 3 or more of:
|
¹HCAP IV portfolio company employees have a quality job if three or more of the key attributes of the Gainful Jobs Approach are present. In 2022, the sixth Gainful Jobs Approach attribute, Belonging was introduced. At that time, HCAP IV had been fully invested and multiple exits had occurred. As a result, the methodology for calculating quality jobs with HCAP IV incorporates a lower threshold of quality job attributes than HCAP V.