The Institute of Labor Economics finds that lost hours resulting from “quiet quitting”, which has interrupted the recovery of UK working hours since the pandemic, are especially attributable to younger cohorts.
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Global Dynamic & Politics
In Putting Skills First: A Framework for Action, developed in consultation with leading experts from the public and private sectors, The World Economic Forum and PwC delve into “skills-first”, a term used to describe a new approach to talent management that emphasizes a person’s skills and competencies – rather than degrees, job histories or job titles – with regard to attracting, hiring, developing, and redeploying talent. By focusing directly on skills, themselves, rather than on how they have been acquired, a skills-first approach has the potential to democratize access to economic opportunities and pathways to good jobs for many more people than traditional approaches have done. Our analysis of data from a geographically diverse range of 18 economies, estimates that in total, more than 100 million people in these countries could be added to the global talent pool through a skills-first approach.
This report by the World Bank examines migration as a key development challenge and provides a comprehensive analysis of its potential to serve as a force for growth.
The report proposes an integrated framework to best manage the economic, societal and human impacts of migration, which draws on labour economics and international law. This framework is based on a “match and motive” matrix that focuses on two factors: the alignment of migrants’ skills and attributes to the needs of destination countries and the motives that underlie their movements.
This House of Commons Committee report provides an interesting assessment of the current UK labour market, including the impact of AI, automation and an ageing population.
This roundtable discussion explored the reasons behind the skills shortage and the barriers to attracting and retaining the best people.
This report details the findings of the world’s largest four-day working week trial to date, comprising 61 companies and around 2,900 workers, that took place in the UK from June to December 2022. Most strikingly, the results showed that 92% of participating companies are continuing with the four-day week.
A global survey of C-level executives and directors, focused on macroeconomic, strategic, and operational risks, highlights their views regarding the disruptive risk landscape over the next 10 years through 2032 and what businesses should consider. Conducted online between September and October 2022, the survey captures insights from 1,304 leaders across multiple industries, with broad geographic representation.
This new Workmonitor by Randstad provides the voice of employees around the world on what they want and expect from their employers and how willing they are to ask for it. It offers insight into what is shaping the new world of work in each of the 34 surveyed markets across Europe, Asia Pacific and the Americas.
Edelman’s latest Trust Barometer reveals that business is now viewed as the only global institution to be both competent and ethical. It explores how a lack of faith in societal institutions triggered by economic anxiety, disinformation, mass-class divide and a failure of leadership has brought us to where we are today – deeply and dangerously polarised.
This report by the International Labour Organisation raises particular concerns about inequality and the effects of the global economic slowdown on the quality of employment. This Report explores global employment and social trends by region and warns that, left unaddressed, the challenges facing the world of work threaten progress towards social justice.