3.4.2.3 Comparison of Processes
When comparing different methods of employment calculation, the Economic Participation method stands out for its holistic approach. It uniquely combines compensation paid, hours worked, and headcount into a single, comprehensive metric. This method is not only advanced but also broadly accessible, addressing the challenge of standardizing an Indigenous employment metric suitable for widespread market use. Its multifaceted nature ensures that it aligns closely with the desired outcomes in Indigenous communities, making it a superior choice for measuring true economic benefit and fostering equitable workforce representation. The following table using the same Indigenous workers showcases how the Economic Participation method provides a more encompassing and effective solution compared to other methods, driving towards meaningful community benefits and empowerment.
Headcount Method (Individuals)
200
1,000
20%
Participation Method (Employment Hours)
250,000
2,500,000
10%
Economic Participation Method (Compensation Paid)
$5,500,000
$71,875,000
7.7%
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