G20 must create a ‘new world order of work’

CIPD urges governments to act to avoid a global skills crunch.

30 March 2009

The G20 should concentrate on unblocking the labour market to create a “new world order of work”, the CIPD has said.

Ahead of the meeting of world leaders in London this week, the institute has called for leaders to go beyond short-term job creation and to address four long-term priorities for the workplace agenda that it has highlighted in a document called Message from Management. The four priorities are “More in Work”, “Smart Work”, “Inclusive Work” and “Green Work”.

According to the document, governments should carry out employment-potential audits so that their public spending is targeted at producing jobs; they should combine flexible work measures with welfare in a “flexicurity” policy approach; encourage the free flow of labour and invest in vocational training; prevent hardship to younger and older workers in particular; and drive the green agenda through financial incentives.

John Philpott, the CIPD’s public policy director, said: “The immediate policy requirement is to restore confidence to the global financial system in order to increase the flow of credit to businesses and households. Alongside this, each G20 government should push monetary and fiscal policy levers to the fullest throttle consistent with medium-term resource capacity and fiscal constraints, though some will need to act more cautiously than others to reduce the risk of inflation or large fiscal deficits limiting their medium-term growth. In addition, governments should act to build open and flexible labour markets to maximise the use of available human resources and talent.”

He added: “Evidence suggests young people are the demographic group being hit hardest by this recession across the globe. While action to avoid sowing the seeds of a generation of wasted talent must necessarily come at a national level, global leaders can usefully compare policy solutions and co-ordinate actions. For the sake of the long-term benefit of the global skills base, this should be as much of a priority as freeing the credit markets. Let’s avoid the global credit crunch spawning a global skills crunch.”

http://www.cipd.co.uk/news/_articles/g20-must-create-a-new-world-order-of-work.htm
From CIPD's People Management magazine.
Copyright CIPD 2009
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