G. Funding Scheme

Funding is one of the most important aspects of reskilling and upskilling (RS/US) measures. This chapter explores RS/US budgeting possibilities and gives guidance on budget lines to be considered.

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Tools Included

G1. Budgeting of Reskilling/Upskilling measures

This template can be utilised for budgeting and can integrate further budget lines if necessary. Additionally, this template offers you an easy view of the Return on Investment with regard to the RS/US measures.

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G2. Assessing gender responsiveness of skilling budgets

This tool is designed to help you analyse the process of budgeting for a RS/US programme with a gender diversity and inclusion lens. It helps rate your current position on a serious of criteria across various budgeting aspects and allows you to identify areas where immediate attention might be needed.

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Further Resource

H5. Gender Responsive Budgeting in Practice: A Manual

This manual offers tools for gender-responsive budget analysis as well as the concepts, principles and purposes of gender-responsive budgeting that can be adapted to the company.

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Assessment Questions

Please answer the following questions. If your answer to any of the questions is “no”, please refer to the related tools proposed. If your answer is “yes”, you might want to have a look at the tools and see if you can improve or adapt your current procedures.

Do you have a common practice for budgeting RS/US measures in place?

No? -> Please refer to 

Yes? -> Proceed to the next question or review the tool to enhance your procedures.

Do you know to what extent the budgeting process of your RS/US programmes considers the needs of a gender-diverse workforce?

No? -> Please refer to: 

Yes? -> Proceed to the previous question or review the tool to enhance your procedures.

Frequently asked questions (FAQ)

1. Why is ROI calculated by the Profit of last year? Does it make more sense if it is calculated from the increased profit resulted from re/upskilling measures?

Reference tool: Tool G1.

Answer:

Return on Investment (ROI) is often calculated using last year's profit because it provides a standard measure of the company's past performance. This helps decision-makers compare returns on investments over time, making it easier to track trends and see if investments have improved profitability.

However, when evaluating the effectiveness of reskilling or upskilling initiatives, it might be more practical to calculate ROI based on the profit increase directly resulting from these measures. Traditional ROI focuses on overall profitability and may not capture the specific gains from such programs.

2. What is gender-based revenue tracking?

Reference tool: Tool G2.

Answer:

Gender-based revenue tracking is the practice of analyzing and monitoring how revenue generation or financial performance differs across gender lines within an organization. This approach aims to uncover potential disparities, biases, or opportunities related to gender by assessing how different genders contribute to, interact with, or benefit from the organization's economic activities. It’s often used in the context of gender equality, diversity, and inclusion efforts.