Thames Valley Housing today released 50 Families: Exploding the myths about unemployment, a report which shows that once the long term unemployed are supported back to work, they remain in work.
The report is based on a survey, carried out in late 2013, amongst 50 families whom the Resident Training and Employment Team at TVH has successfully supported into a job over the preceding 12 months.
Of the 50 families surveyed, 75% were still in employment 12 months later and 8 out of 10 of those who had lost their job were actively seeking work.
The report also found that:
– 81.3% felt financially better off
– 80.6% said they enjoyed their work
– 78.1% were satisfied with their salaries
– 60% said their social life had improved
– Over 60% reported raised aspirations, increased happiness, increased motivation and improved family morale
– 46.9% said their health had improved as a result of finding employment
– The rent arrears for the 50 Families plunged by 43.48% over a 12 month period
For the individual, long-term unemployment has a deleterious effect, gradually eroding confidence, diminishing self-esteem, and having a negative impact on physical health and psychological wellbeing.
However TVH is as keen to address the community-wide impact of unemployment. Research also shows that long-term unemployment has a seismic effect on the well being of families, while communities with higher levels of unemployment suffer from higher rates of crime and violence.
The particular strength that TVH has to offer is it can work with its residents directly, addressing their specific circumstances and education of skills gap.
Geeta Nanda, CEO of Thames Valley Housing said, ““We are in a unique position to deliver this help, and our team works on a one to one basis with residents, from helping them out with their CV through to interview techniques. As we are a substantial housing association, we can use our local partnerships to find opportunities for our residents”.
“The report also credits the hard work of the Thames Valley Housing team, who work scrupulously with our residents to give them the confidence and oomph to get back into the workplace”.
Read the full report
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Notes to editors:
Thames Valley Housing Association:
Thames Valley Housing Association (TVH), based in Twickenham, South West London, was founded in 1966. The association owns, manages and administers loans for over 14,500 properties in London, Berkshire, Surrey, Hampshire, Oxfordshire, Buckinghamshire, Wiltshire and Sussex and has approximately 1000 properties under construction. TVH provides affordable rented homes, shared ownership, market rent, student and key worker accommodation, working with eight NHS Trusts. In year 2012-13 the association provided homes for over 1000 households and generated a financial surplus of £14.8 million.