Standards for public agencies

2020 Edition

Workforce Development and Support Services (PA-WDS) 8: Financial Asset Building Services

The agency encourages asset accumulation by working with the individual to save, build assets, manage resources, and plan for crisis.
NA The agency does not provide financial asset building services.
2020 Edition

Currently viewing: WORKFORCE DEVELOPMENT AND SUPPORT SERVICES (PA-WDS)

VIEW THE STANDARDS

Purpose

Job seekers who receive workforce development, support, and financial asset building services achieve increased economic self-sufficiency.
1
Full Implementation, Outstanding Performance
A rating of (1) indicates that the agency's practices fully meet the standard and reflect a high level of capacity.  
  • All elements or requirements outlined in the standard are evident in practice, with rare or no exceptions: exceptions do not impact service quality or agency performance. 
2
Substantial Implementation, Good Performance
A rating of (2) indicates that an agency's infrastructure and practices are basically sound but there is room for improvement.
  • The majority of the standards requirements have been met and the basic framework required by the standard has been implemented. 
  • Minor inconsistencies and not yet fully developed practices are noted; however, these do not significantly impact service quality or agency performance.
3

Partial Implementation, Concerning Performance
A rating of (3) indicates that the agency's observed infrastructure and/or practices require significant improvement.  

  • The agency has not implemented the basic framework of the standard but instead has in place only part of this framework.  
  • Omissions or exceptions to the practices outlined in the standard occur regularly, or practices are implemented in a cursory or haphazard manner.  
  • Service quality or agency functioning may be compromised.  
  • Capacity is at a basic level.
4
Unsatisfactory Implementation or Performance
A rating of (4) indicates that implementation of the standard is minimal or there is no evidence of implementation at all.  
  • The agency’s observed service delivery infrastructure and practices are weak or non-existent; or show signs of neglect, stagnation, or deterioration.
Self-Study EvidenceOn-Site EvidenceOn-Site Activities
  • Procedures for referring individuals to services
  • Financial resource management planning procedures
  • Crisis planning procedures
  • Community resource and referral list including support services
  • Interviews may include:
    1. Program director
    2. Relevant personnel
    3. Job seekers
  • Review case records

PA-WDS 8.01

The agency helps the individual to identify and overcome barriers to asset building by accessing support services provided directly or by referral.
Examples: Barriers to asset building can include:
  1. insufficient income;
  2. inadequate training or education;
  3. lack of affordable and safe housing;
  4. family responsibilities;
  5. lack of affordable and quality child care; and
  6. transportation needs.

PA-WDS 8.02

The agency works with the individual to develop a plan for financial resource management including:
  1. goal setting;
  2. long- and short-term financial planning;
  3. record keeping; and
  4. controlled spending.

PA-WDS 8.03

The agency works with the individual to establish a crisis plan in case of unexpected financial hardship.
Example: Financial hardship may be brought on by life events such as unexpected job loss, natural disaster, or illness.