Xn Leisure continues to offer customers the ability to use the data they capture through the Xn Insight reporting tool to accurately measure the value and impacts of the sports and physical activity they offer through using another great module called the Social Value Calculator which is part of the Data Hub. By using the operators current data and sector-wide benchmarks the module gives insight to an operator's savings in four key areas:
- Health care
- Education
- Wellbeing
- Crime
Features
• Social Value key performance indicators - In monetary terms, evidence the saving physical activity at your facility or programme is making to the local community. Access values and percentage change, split annually, quarterly and monthly.
• Benchmarking - Compare saving values across the sector and within your own region, contracts and individual facilities and programmes.
• Categorise the savings - By Health, Education & Employment, Community & Crime and Subjective Wellbeing. The model is based on specific line items e.g. CHD, dementia, colon cancer etc.
• Mapping - View current population and your value created, use it to target high value gap.
• Filter results - By strategic demographic groups, activity programmes and time periods, ideal for external reporting.
Benefits
• Credibility and robustness - the model brings together the leading partners in the sector. Sheffield Hallam University's SIRC department provide social impact modelling for Sport England, and their approach to this module uses the model created in the recent Social Value of Sport report for the DCMS (April 2016. Sector participation value &44bn, &1 = &1.91 of return). Experian are one of the largest socio-economic and risk profiling data companies in the UK.
• Evidence - a simple and transparent way of evidencing the community impact of your programme or facility. The model is based on a range of specific indicators, therefore savings can be aligned to specific social areas and potential funders.
• Automation - as part of the DataHub the module uses the anonymised data extracts to generate a participation profile, which is aligned to the Social Value model, saving you time and providing consistency across all results.
• Relevance - through DataHub standardisation all results can be analysed and benchmarked within the sector, allowing every user to know what good looks like.
• Target - to support funding applications and programme commissioning, the user is able to identify where high social value can be generated through targeted activity.
• Localised - using local socio-economic and lifestyle data to profile participants, the model is appreciative of local contexts e.g. areas of high deprivation.
• Track record - the module has already been used across the sector to progress new funding opportunities, aligning investment with targets impact opportunities.
For more information about the Social Value Calculator please contact salesteam@xnleisure.com