Outlines Policy Recommendations to Reduce Disparity Between Global Supply and Demand, Leading to Better Functioning Labor Markets
The World Employment Confederation today released a white paper, “The Future of Work,” that analyses how employment conditions are changing all around the world. In the white paper, the confederation also offers a number of global policy recommendations to seize the opportunities this new era of work will offer. The American Staffing Association is a member of the World Employment Confederation.
“This is the end of work as we know it,” said Annemarie Muntz, chairman of the World Employment Confederation. “In this complex economic environment, regulations on employment services industry matters should adopt a ‘glocal’ approach—thinking globally about overall guidelines and provisions, but allowing the local level to transpose into their national regulations.”
As the world of work is becoming increasingly interconnected, global policy formulations and adjusted labor regulations are required to deal with issues that go beyond national or regional borders. The World Employment Confederation views this perspective as essential to embrace the many structural shifts currently taking place around the world. Globalization, the growing diversity of contractual arrangements, new job and career expectations, increased digitalization, and changing workforce demographics are major drivers reshaping the way the world of work functions, according to the white paper.
While almost 200 million people are unemployed at a global level, 61% of companies around the world are experiencing difficulties recruiting staff, mostly due to the skills gap, according to the International Labour Organisation Word Employment and Social Outlook 2016. This issue is key as 72% of human resources directors say that talent scarcity has negatively affected their business, and 45% believe it has threatened leadership continuity and succession, the ILO report says.
“The global staffing, recruiting, and workforce solutions industry is at the leading edge in the changing world of work,” said Richard Wahlquist, ASA president and chief executive officer and World Employment Confederation North America regional representative. “The World Employment Confederation looks forward to working with policymakers to encourage the adoption of policies that will contribute to reducing the mismatch between worker supply and demand and promote economic growth, productivity, and global competiveness.”
Research conducted by the World Employment Confederation shows that countries that have adopted smart regulations for the employment services sector are more competitive—delivering flexibility and security for both businesses and workers.
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About the American Staffing Association
The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. ASA and its affiliated chapters advance the interests of the industry across all sectors through advocacy, research, education, and the promotion of high standards of legal, ethical, and professional practices. For more information about ASA, visit americanstaffing.net.
About the World Employment Confederation
The World Employment Confederation is the voice of the employment industry at a global level, representing labor market enablers in 50 countries and seven of the largest international staffing, recruiting, and workforce solutions companies. The World Employment Confederation brings unique access to and engagement with international policymakers (European Union, International Labour Organisation, International Monetary Fund, International Organization for Migration, Organization for Economic Co-operation and Development, World Bank) and stakeholders (trade unions, academic world, nongovernmental organizations, think tanks). The World Employment Confederation strives for recognition of the economic and social role played by the industry in enabling work, adaptation, security, and prosperity in our societies. Its members provide access to the labor market and meaningful work to more than 70 million people around the world, and serves around 5 million organizations on a yearly basis.