Key Insights from the Advancing Job Quality Lab at the 2025 Prosperity Summit

Small businesses are essential to household financial stability in communities across the country, yet many owners face real constraints when trying to provide steady hours, reliable pay, and room for their employees to grow. At this year’s Prosperity Summit, practitioners and advisors came together in the Advancing Job Quality Lab to focus on a central question: What does a good job look like, and how can business owners raise job quality in ways that also strengthen their operations?  

‍

The conversation made one thing clear. Job quality is not only meaningful for workers, it’s also good for business.

‍

What Makes a Good Job

A good job gives workers a stable foundation.  Practitioners described three core elements:

• Economic Stability: Reliable pay, predictable scheduling, and access to basic benefits that help workers manage monthly expenses and support their families.

• Economic Opportunity: Training, coaching, and skill-building that support both employee growth and business retention.

• Fair Treatment: A safe environment where workers feel respected and know how to raise concerns.

These characteristics are not abstract ideals. They are practical conditions that help businesses run smoothly and retain committed teams.  

‍

Good Jobs are Good Business

Quality jobs strengthen small businesses. When employees are paid fairly and treated well, they stay longer and perform better. During the Lab, advisors stressed that better jobs support real business outcomes. Owners who invest in steady, well-structured roles often see:  

‍

• Reduced turnover and lower costs tied to recruiting, onboarding, and training.

• Higher productivity from workers who feel respected and prepared.

• Stronger customer relationships built on consistency.  

• Greater stability during periods of economic uncertainty.  

‍

These improvements help businesses stay open, hire, and grow. They also strengthen local economies.

‍

A National Network Supporting This Work

Small business advisors and Entrepreneurial Support Organizations (ESOs) play a central role in advancing job quality. Participants shared examples of what this looks like in practice, including:  

‍

• Affordable HR guidance that gives business owners a reliable first step.  

• Financial coaching that helps partners plan and budget for staff investments.  

• Workforce partnerships that offer training and career pathway tools.  

• Local collaborations with universities, nonprofits, and community lenders that expand access to capital and technical support.  

‍

These efforts create a wider ecosystem that supports both workers and business owners. Prosperity Now’s Entrepreneurship Network will continue to bring practitioners together to share field-tested approaches and resources.  

‍

Practical Ways to Measure Progress

Advisors also discussed the importance of tracking indicators that matter to business owners, such as retention, time-to-hire, and employee satisfaction. Clear data helps owners see how job quality practices strengthen performance.

‍

Communication is equally important. Advisors noted that starting with the business owners’ immediate challenges helps build trust. From there, the conversation can move toward practices that support stability, well-being, and long-term planning.

‍

Where Capital Providers Can Play a Role

Capital providers can reinforce job quality by aligning financing with workforce goals in ways that are practical for small businesses. Examples discussed in the lab included:

‍

• Short-term payroll loans that help retain staff through seasonal or unexpected slow periods.

• Loan structures that support training or advancement pathways.

• Recovery financing that helps businesses maintain staffing during disruptions.

• These approaches expand what is financially possible for small business owners while supporting a more stable workforce.  

‍

Building a Community of Practice

Participants left the Lab committed to staying connected and continuing to share tools, training, and lessons learned. A stronger community of practice helps advisors meet business owners where they are and build consistent support across regions.  

‍

At its core, advancing job quality is about aligning what workers need with what helps businesses succeed. When those pieces come together, communities grow stronger and more resilient.  

‍

Learn more and join Prosperity Now's Entrepreneurship Network here.

‍