Hays Plc Calls For G20 Action On Global Jobs Creation
Released on: May 20, 2011, 8:02 am
Industry: Human Resources
Hays plc, the global specialist recruiting firm, has called on
governments and industries across the world to take joined-up action to
tackle the looming threat of increased global unemployment as the
world's working population is set to increase dramatically. With many
countries already at record levels of unemployment, co-ordinated action
needs to be taken now to avert future labour crises as significantly
more people are set to join the global labour force. To this end Hays
has developed a Five Point Plan.
Hays, which placed more than 230,000 people in work across 30 countries in 2010,
has published a seminal report; Creating Jobs in a Global Economy, compiled in
partnership with economic forecaster, Oxford Economics, illustrating the challenges
ahead for employers, employees and governments across the world.
The report forecasts the dramatic movements of workforce, power and wealth across
the globe over the next 20 years. The world's working-age population is expected
to increase by over a billion people in this timeframe. However, all of this growth
will be developing economies. The developed world will see its workforce shrink and
Governments and industries must start to plan now how they will deal with this
imbalance, both to harness the economic potential that this larger workforce can
provide as well as creating the skills that will otherwise become in increasingly
short supply in many areas. Developing markets will face a period of rapid
industrialisation and infrastructure construction which will require access to
skilled and experienced workers currently unavailable in sufficient numbers
domestically. Similarly, the developed markets will need to find ways of
maintaining their competitive edge in key industries by investing in the future
skills required, albeit against a backdrop of a smaller and older pool of workers.
Alistair Cox, CEO, Hays, said: "Our report illustrates the profound and stark
challenges our world will face in the future both to create employment opportunities
for a billion more people and balance the mismatch we are already seeing between
supply and demand of key skills. Only by thinking globally can governments and
companies put in place the environment to solve these conflicting challenges and
create the basis for full employment and a sound global economy."
The report demonstrates the need for employment policy to be discussed at the G20 in
Mexico and at the WEF next year. Cox added: "Everyone is talking about the growth
in the Chinese population. The fact is that China's working age population is set
to plateau and then decline in our generation, just like many countries in the West.
No one is yet talking about how industries will employ the extra billion people who
will soon be looking for work in India, Africa and South America. That is a huge
opportunity if governments and businesses get it right, but a big social problem if
we get it wrong."
'Creating Jobs in a Global Economy 2011-2030' follows the publication last year of
'Action on Skills and Jobs: The Hays Manifesto for Employment' which outlined the
actions needed to create a healthy employment market in the UK.
Hays plc is the leading global specialist recruitment group. It is market leader in
the UK and Australia, and one of the market leaders in Continental Europe. As at 31
December 2010, the Group employed 7,086 staff operating from 257 offices in 30
countries across 17 specialisms. These specialisms cover a range of opportunities
including accountancy jobs, marketing
jobs, architecture jobs, financial services
and teaching assistant jobs.
For further information please contact:
Claire Fowler Hays
130 Wilton Road
020 7259 8821
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