The strategy aims to provide financial stability to all families by guaranteeing a lifelong income through multiple initiatives. The first approach is to implement Universal Basic Income (UBI). Action items include conducting feasibility studies, policy advocacy, and piloting programs in communities. By reallocating welfare budgets and collaborating with economists, the potential of UBI can be realized. For example, creating a seamless distribution system ensures families consistently receive benefits.
Encouraging lifelong learning and skills development is another key component. This includes developing accessible online courses and subsidies for upskilling. Partnerships with educational institutions and employers support personal growth, ensuring individuals are well-equipped for the evolving job market.
Finally, promoting inclusive economic growth involves supporting small businesses and fostering private-public partnerships for job placements. Infrastructure projects and equitable hiring practices boost local economies and create employment opportunities. Encouraging investment in high-potential industries ensures sustainable economic progress.
The strategies
⛳️ Strategy 1: Implement universal basic income
- Conduct a feasibility study on universal basic income (UBI) implementation
- Advocate for policy changes through lobbying and awareness campaigns
- Identify funding sources for UBI, such as reallocating existing welfare budgets
- Create pilot programs in selected communities to test UBI models
- Collaborate with economists to determine adequate UBI amounts for families
- Develop a system for seamless distribution of UBI to families
- Address potential economic impacts by conducting regular assessments
- Educate the public on the benefits of UBI through workshops and seminars
- Engage with stakeholders, including government and non-profits, for support
- Monitor and evaluate pilot programs to refine and expand the initiative
⛳️ Strategy 2: Encourage lifelong learning and skills development
- Develop accessible online courses targeting in-demand skills
- Partner with educational institutions to offer certification programs
- Provide subsidies or scholarships for upskilling and reskilling programs
- Create career counselling services to guide individuals in skill development
- Launch awareness campaigns promoting lifelong learning
- Collaborate with employers to support employee training initiatives
- Establish community learning centres with digital access in underserved areas
- Incorporate experiential and hands-on learning opportunities
- Track and measure participants' success and employment outcomes
- Engage with policy makers to prioritise lifelong learning as part of national policy
⛳️ Strategy 3: Promote inclusive economic growth and employment opportunities
- Support small businesses and startups through grants and loans
- Foster partnerships between private sector and educational institutions for job placements
- Encourage investment in industries with high employment potential
- Create incentives for businesses to adopt inclusive hiring practices
- Develop infrastructure projects to create jobs and stimulate local economies
- Implement policies that ensure equitable pay and work conditions
- Facilitate job fairs and networking events to connect employers with job seekers
- Encourage the development of cooperative business models
- Monitor and report on employment trends and economic indicators
- Collaborate with international organisations to leverage best practices for economic growth
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
