FY 2015-16 Metrics & Methodology


The Performance Funding Model was designed to help drive stronger performance by measuring local workforce development boards on customized, agreed-upon goals, reflecting Florida-emphasized workforce development priorities, with aligned economic rewards for achievement.

Metrics

In fiscal year 2015-16, local workforce development boards were evaluated on four short-horizon metrics. The first three short-horizon metrics described below focus on job seekers, while the fourth one is business focused.

Placement Metrics

Exit Metric

Business Metric

Methodology

Calculations

Evaluation

Definitions



1 A minimum threshold of 66.66, instead of the intended 75, was inadvertently used in the calculations for the Time to Earnings and Cost per Employed Exit metrics.

2 Florida's strengthening economy and lower unemployment rate resulted in fewer Floridians seeking services from local workforce development boards compared to the prior year. For this reason, CareerSource Florida provided a 20-percent adjustment for economic conditions to each board's target for the Cost per Employed Exit metric during this inaugural year. (For more information, see FY 2015-2016 Cost per Employed Exit Targets.)