Evidence of effectiveness
The Research Institute of Finnish Economy has evaluated the model. They found evidence that working for the Job Bank improved the labour market prospects for that individual, indicating that the model has worked. By the beginning of 2016, almost 10,000 people had become employed through the Job Bank. The beneficiaries have been the expected ones, mainly for the long-term unemployed. The expected number of employed persons was not achieved and it was difficult to find employment for partially disabled people. An unexpected difficulty was that fewer than expected long-term unemployed people were interested in the trial. For that reason it took more advertising and marketing costs than expected. This was the case especially for those municipalities and Job Banks that had a contract for employing long-term unemployed.
Engagement of stakeholders
For success, sufficient wage subsidies are required to make Job Banks competitive in the staff rental markets. The Job Banks may be entirely social enterprises or companies seeking profit, but they need to cover their costs.