The Economist and Huber Social: Wellbeing the New Measure of Value
 

An article in the Economist titled, 'Economists focus too little on what people really care about',  explains why money is not a good measure of value and why we need to be able to measure the impact on people's Wellbeing to truly grasp the value of something.

Providing a universal scale of social value, Huber Social has developed the Huber Social Value Metric (HSVM) that calculates valued based on Wellbeing creation - Impact X Need X Reach.

We are tracking Social Value as closely as others track Financial Value. 

Connect and Collaborate to Accelerate Collective Wellbeing

24 May 2018

 

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Georgina Camp
Huber Social and Love Mercy Join Forces for the Best Measure of Success; Impact.
 
 

Love Mercy and Huber Social are taking a stand against the obsession with administration costs to make impact the key measure of success.

Love Mercy’s mission is to empower the women and communities of rural Uganda through their ‘Cents for Seeds Program’. The female farmers, many of whom have 5 or more children, have started their own businesses after receiving a loan of seeds coupled with agricultural and financial literacy training. The Cents for Seeds micro loan agriculture program has helped over 12,000 women across Uganda since 2010.

“We know that this program works because we chat to women all the time and her their success stories. What we want to do now is prove it with data and solid mapping,” said Love Mercy CEO Caitlin Barrett.

Huber Social’s Wellbeing Measurement Framework does exactly that, measures that someone is in the best position to succeed, or in other words, is empowered. Applying the measurement framework in the context of rural villages of Uganda, we map holistic needs and identify what matters most for someone’s wellbeing, tracking results across all domains; environmental, physical, emotional and social.

 
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Huber Social measures wellbeing because this is the best way to tell if a program is making an impact, the right impact, on each person’s life.  This is what Love Mercy wanted to be sure of, with their rapidly expanding program, aiming to reach 20,000 women in rural Uganda by the end of 2018.  

Huber Social will return to Uganda in February 2018 to continue the to map the wellbeing levels of women, across the 10 areas Love Mercy operates to be able to further inform how resources are directed to have the greatest impact.

Huber Social and Love Mercy want to send a clear message, that if we continue to obsess over the cost to income ratio, we fail to measure charities core purpose– to solve complex social issues. Whilst Love Mercy maintain an appropriately lean 28% spend on administration costs, donors should applaud Love Mercy in investing to measure their impact and make sure they are putting women in the best position to succeed, growing stronger communities from the ground up.

The initial impact report will be released in January 2018 and you will be able to track the progress via our websites. We encourage you to give to Love Mercy with confidence that money is spent to have the greatest impact.

The Goal of All Development is Freedom

After three years of explaining why Huber Social holds 'Wellbeing' as the measure of success, it was a refreshing experience to be surrounded by hundreds of people that 'speak our language' at the 2017 Human Development and Capability Association (HDCA) Conference in Cape Town September this year.

The HDCA was launched in 2004 by its first president, Nobel Peace Prize laureate Amartya Sen and its mission is to promote high quality research and further promote work in areas where the human development and capability approaches can make significant contributions.  

Amartya Sen is an economist and philosopher and his Capability Approach to human development is one of the foundation sources for the Huber Social Wellbeing Measurement Framework. In simple terms, Sen sees the goal of all development as freedom. Freedom to create a life of value. In order to enable this, we need to address people's 'un-freedoms'. This is reflected at an individual level through the Huber Social Framework that starts with the 'needs' (or 'un-freedoms') of an individual to determine what matters most to put someone in a position of Wellbeing.

The conference theme for 2017 was Challenging Inequalities: Human Development and Social Change. Huber Social was invited to contribute and discuss how we have practically applied the theory to measure the social value of organisations. 

We were joined in unison by the likes of Selim Jahan, Director Poverty Practice UNDP, in calling out "the goal is to create an environment where people can reach their full potential. A life they value. The rest becomes inputs". 

As one of the only practitioners in the room, we highly encourage social enterprises to attend the 2018 conference in Buenos Aires (https://hd-ca.org/conference). You will no doubt find your social innovation enriched by the academic thoughtfulness, and simultaneously,  the academics, philosophers and social scientists welcome insights experienced in taking theory into practice. 

 Beautiful Kirstenboch National Botanical Garden

Beautiful Kirstenboch National Botanical Garden

 (From Left) Diyer Duque, BA Student of Human Development, Venezuela, Selim Jahan, Director UNDP and Georgina Camp, Huber Social. 

(From Left) Diyer Duque, BA Student of Human Development, Venezuela, Selim Jahan, Director UNDP and Georgina Camp, Huber Social. 

 Standing next to the place of Nelson Mandela's garden in Robben Island Prision. 

Standing next to the place of Nelson Mandela's garden in Robben Island Prision. 

Sleeping under the Stars with Stepping Stone House
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Its a pretty spectacular sight! A massive sleepover set just next to the beautiful Sydney Harbour Bridge. People spend hundreds of dollars to stay in the five star hotel alongside. But the generous particpants of the annual Stepping Stone House Sleep Under the Stars paid thousands to sleep there in cardbaord boxes. 

Another spectacular success for the team at Stepping Stone House raising over $270,000 to help more homeless young people turn their lives around.

Huber Social has been working with Stepping Stone House for the last 2 years to keep making sure they are having the greatest impact and prove how they get such great results for young people in their care. 

Specifically, Stepping Stone House fills provides a home like environment, with stability and safety for young people up until the age of 26. A complete wrap around support network to build their capability and provide opportuntiies to live a life of value. 

Donate here and get on board for next year's event : Stepping Stone House