Workforce Development and Support Services (CA-WDS) 8: Financial Asset Building Services
The organization encourages asset accumulation by working with the individual to save, build assets, manage resources, and plan for crisis.
NA The organization does not provide financial asset building services.
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VIEW THE STANDARDS
PurposeJob seekers who receive workforce development, support, and financial asset building services achieve increased economic self-sufficiency.
All elements or requirements outlined in the standard are evident in practice, as indicated by full implementation of the practices outlined in the Practice Standards.
Practices are basically sound but there is room for improvement, as noted in the ratings for the Practice Standards; e.g.,
- Minor inconsistencies and not yet fully developed practices are noted; however, these do not significantly impact service quality; or
- Procedures need strengthening; or
- With few exceptions, procedures are understood by staff and are being used; or
- For the most part, established timeframes are met; or
- Proper documentation is the norm and any issues with individual staff members are being addressed through performance evaluations and training; or
- Active client participation occurs to a considerable extent.
Practice requires significant improvement, as noted in the ratings for the Practice Standards. Service quality or program functioning may be compromised; e.g.,
- Procedures and/or case record documentation need significant strengthening; or
- Procedures are not well-understood or used appropriately; or
- Timeframes are often missed; or
- Several client records are missing important information; or
- Client participation is inconsistent.
Implementation of the standard is minimal or there is no evidence of implementation at all, as noted in the ratings for the Practice Standards; e.g.,
- No written procedures, or procedures are clearly inadequate or not being used; or
- Documentation is routinely incomplete and/or missing.
|Self-Study Evidence||On-Site Evidence||On-Site Activities|
The organization 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:
- insufficient income;
- inadequate training or education;
- lack of affordable and safe housing;
- family responsibilities;
- lack of affordable and quality child care; and
- transportation needs.
The organization works with the individual to develop a plan for financial resource management including:
- goal setting;
- long- and short-term financial planning;
- record keeping; and
- controlled spending.
The organization 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.