Value-for-money analysis of active labour market programs

Accountability requirements by central agencies in government have imposed expectations on management to show results for resources used — in other words, "value for money." While demonstrating value for money means showing that the program has relevance and a rationale and that the program logic and theory make sense, the core of value for money lies in showing that a program is cost-effective. Unfortunately, many public programs and policies do not provide quantifiable outcomes, and this limits conclusions on value for money.