Key Steps in the Gainful Jobs Approach™

HCAP applies a systematic approach to impact management through the Gainful Jobs Approach™ by undertaking the following key steps to support portfolio companies throughout the investment period to achieve job quality outcomes and operational excellence.

PRE-INVESTMENT

  • Deal leads socialize the Gainful jobs Approach™ and HCAP’s commitment to improving job quality with prospective companies

  • HCAP includes language in term sheets on companies’ commitment to implementing the Gainful Jobs Approach™

  • Companies complete quantitative and qualitative baseline job quality assessment as part of due diligence

  • Baseline job quality assessment results are examined by HCAP and reviewed with company leadership

  • Company leadership and HCAP develop an initial Strategic Roadmap with quality jobs goals prior to investment close that is integrated in company’s overall value creation plan

ONGOING INVESTMENT MGMT.

  • HCAP provides ongoing advisory support, guidance, resources, and tools to company leadership as they implement the value creation plan and make progress towards their quality jobs goals

  • Portfolio companies report quarterly progress on their quality jobs goals within the value creation plan

  • HCAP analyzes job quality data and administers employee engagement surveys to understand how employees are experiencing job quality improvements

  • HCAP conducts quarterly check-ins with companies to review progress towards goals, discuss job quality data and findings, and revisit/update the value creation plan where necessary

PRIOR TO EXIT

  • HCAP and company leadership conduct a final check-in to review overall progress on improving job quality and to capture successes, challenges, and lessons learned to inform the Gainful Jobs Approach™ moving forward

  • HCAP and company leadership review plans to implement carrot agreements that provide low- to moderate-income and frontline workers with cash bonuses upon a successful exit so they share in the upside of the transaction; HCAP and company leadership ensure that the bonus pool is distributed equitably to employees