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- W390256690 abstract "An analysis using data from IFC's Development Outcome Tracking System (DOTS) shows that good financial performance was positively correlated with employment growth for IFC client companies between 2008 and 2010. In addition, labor productivity was also a significant positive factor for job growth. Job growth rates differed by sector; the sectors that grew faster in percentage terms were not necessarily those that added the most jobs. The DOTS dataset used in this study contains 376 matched companies that had employment information each year between 2008 and 2010, with wide industrial and regional coverage. In addition to employment information, DOTS data also cover companies' financial and performance aspects, besides overall development outcomes, making it possible to analyze different factors that affect job creation. The study finds that firms' financial performance and labor productivity were positively associated with faster employment growth, for both overall employment and female employment. Furthermore, employment growth varied significantly by industry. Consumer and social services generated most jobs during this period. But it is important to note that this analysis only pertains to direct jobs. Other analysis have shown that indirect employment (such as through supply chains) and induced employment (e.g. through higher incomes or cheaper or better provision of services such as power) are also important." @default.
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- W390256690 date "2012-01-01" @default.
- W390256690 modified "2023-09-27" @default.
- W390256690 title "Employment growth is positively correlated with sound financial performance and labor productivity" @default.
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