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WEF: The future of work must be fair and inclusive

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Not only is there a need for more jobs, but there is also a need for decent jobs. highlight your work

  • COVID-19 has caused huge disruption in the lives of all of us as well as an economic crisis.
  • But, according to the World Economic Forum (WEF), it also provides an opportunity for the world to rethink what the future looks like.
  • In the context of the world of work, WEF believes that there is a need to focus on creating quality jobs with good wages.

COVID-19 has changed the world forever. Although the impact of this pandemic has been far-reaching, our lives have all been disrupted and transformed by the coronavirus crisis – and things may never be quite the same.

Therefore, the pandemic has created an opportunity for us to think about how we respond to the economic fallout from the pandemic and the kind of global society and economy we want to build for the future.

To this end, the World Economic Forum (WEF) brought together experts and discussed how to build a fairer and more inclusive economy of the future.

As part of discussions that were compiled into a report goodExperts said there is a need to create a more inclusive future of work that prioritizes the creation of quality jobs with good wages and good working conditions.

This is in the context of the COVID-19 crisis, which has led to 21. has the highest unemployment rate inscheduled tribe century. In fact, the Organization for Economic Co-operation and Development has found that the pandemic’s impact on jobs has been 10 times greater than in the global financial crisis in 2008.

The WEF is concerned that global unemployment will increase further as the crisis continues due to the advent of new viral variants. This is also a concern as government furloughing schemes will begin to expire later this year – the UK plan is due to expire in September.

To tackle this disruption in jobs and work, the WEF report calls for collaboration between governments, employers, workers, unions and workplace tech companies to find “one with an employable and productive workforce in good quality.” How to build a vibrant and sustainable ecosystem with good wage paying jobs”.

creating more inclusive jobs

The WEF calls for a significant focus on the creation of new jobs in so-called ‘new economy’ sectors, including care and sustainable economies. It will also help remove obstacles working woman, as well as reclassify what is considered ‘work’.

In addition, the WEF notes that there is a need to focus on promoting youth employment as the younger generation has been most affected by the pandemic. Also, given the dramatic rise in unemployment globally, young people now face even greater barriers to finding jobs.

To help youth get jobs, focus needs to be on helping them develop right skills Gain more work experience.

Therefore, the WEF suggests that governments and companies need to expand apprenticeship program, which can be balanced with education, and upskilled unemployed youth to bridge the existing skill gap, as in digital.

In addition, the WEF calls on governments to support workers in helping entrepreneurs become entrepreneurs and build their own businesses as small and medium-sized enterprises (SMEs) create up to 80% of jobs globally. This is especially important in rural areas – but success here requires government investment in digital and IT infrastructure so that e-commerce can flourish.

good jobs need good wages

In the matter of improving wages for future of work, the WEF recommends that governments need to implement and enforce a national minimum and living wage. Businesses must then commit to paying a living wage — not just the minimum wage — and make sure their suppliers or partners do the same.

Another way to improve wages is upskilling. Therefore, WEF calls on businesses to provide skill-based training to their employees – particularly in the areas of innovation, creativity, global citizenship, digital, and interpersonal and interpersonal skills – as well as to create escalator jobs that empower people. allow easy relocation. Pay less for better paid roles.

In addition, any automation One must be responsible in the workplace and come with a willingness to upskill employees so that they can effectively transition into the digital future of work.

The WEF also believes that new standards are needed for the future of work.

The report said there is a need to ensure that “work that is meaningful, purposeful and respectful while providing opportunities for personal growth, will unlock human potential and support successful technology adoption.”

Decent work is also one that provides flexible work options to all. However, this should be done in such a way as to enable the workers to find suitable work life balance and does not exclude or deprive those working remotely in respect of promotion.

[Read more: Reid Hoffman: Remote staff can’t become second class citizens]

Linked to this, the WEF calls on employers and governments to focus on wellbeing at work. This is something that the pandemic has accelerated, but the pace needs to be accelerated Maintained.

“Companies should establish programs that can be customized to the needs of each employee and use data, including employee surveys and self-reporting tools, to support program design and provide a comprehensive view of workforce health and wellness. To provide photograph (business, government, civil society),” the report mentioned.

[Read more: Employee wellbeing: HR leaders open up about their tech stacks]

Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.

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