Local workforce development boards were evaluated on four performance metrics in fiscal year 2015-16 – two placement metrics (Unemployed Placement Rate and Time to Earnings), one exit metric (Cost per Employed Exit) and one business metric (Business Engagement). The first three metrics focused on job seekers, while the fourth focused on businesses served. Click here for more information.
Performance scores were calculated for four performance metrics for each of the 24 local workforce development boards, reflecting each board’s performance relative to its targets. A global performance score for each board was then calculated by adding together the performance scores for each metric. Local boards that achieved a minimum threshold of 75 or greater on the Unemployed Placement Rate and the Business Engagement metrics and 66.66 or greater on the Time to Earnings and Cost Per Employed Exit metrics were evaluated using the Target, Improve, Excel (TIE) approach.
Additionally, due to a decrease in job seekers receiving services from local boards as a result of Florida’s strengthening economy and a lower-than-expected unemployment rate, the performance target for the Cost per Employed Exit metric was increased by 20 percent for all local workforce development boards across the state, resulting in higher Cost per Employed Exit scores for every local board.
Target, Improve, Excel (TIE) is the approach used to evaluate local workforce development boards that met or exceeded a minimum threshold of 75 points per metric. In fiscal year 2015-16, local boards were eligible for funding as follows:
The Target Achievement Plan is a one-page plan indicating how local workforce development boards will work to improve their performance in the future. Local boards that did not meet the minimum threshold requirements and/or the global performance target of 400 in fiscal year 2015-16 received Target performance awards with the submission and approval of a Target Achievement Plan.
CareerSource Florida awarded $6.15 million to 23 local workforce development boards for their performance in the inaugural year of the Performance Funding Model.
A portion of the $6.15 million awarded to local workforce development boards for their performance in fiscal year 2015-16 was designated as WIOA state-level funding and the remaining was designated as Wagner-Peyser 7(b) funding. Within the guidelines for each funding stream, local workforce development boards determined how best to use the funds to address local priorities for serving businesses and job seekers. The funds were available for expenditures from July 1, 2016 through Dec. 31, 2017.