The Jobs Consortium
The World Economic Forum’s Jobs Consortium is a coalition of CEOs, Ministers and other leaders with a common vision for a better future of work for all. They promote alignment and action on three key areas:
An Uncertain, Volatile Context
Labour markets globally are currently on divergent paths: low- and middle-income countries face a growing working-age population amidst high unemployment while advanced economies confront an ageing population, decreased labour force participation and tight labour markets. Continued technological advancements, the green transition, and the restructuring of value chains are all set to create vast opportunity for countries to grow and businesses to thrive but they will also lead to increased job churn – significant growth and opportunity in some roles and sectors at the same time as decline and disruption in others.
A Future of Work that Works for Everyone
At this crucial geopolitical and geo-economic moment, good jobs are a critical pathway for managing rising inequality, building social mobility and addressing the cost-of-living crisis. Higher wage, formal, future-ready and higher quality jobs are better for companies, workers and economies alike.
The Jobs Consortium Roadmap
In 2023, the Jobs Consortium members and special guests will convene to shape an agenda for a better future of work and actively advocate for it in the public domain. Looking ahead, members will drive towards a better future of work through joining and scaling country and industry-level action.
The following outlines the three areas of activity of the consortium in 2023 and the associated portfolio of work, supported by the team at the World Economic Forum:
Firstly, boosting foresight on labour market trends to prepare for the future, drawing and expanding on the insights developed at the World Economic Forum, such as the Future of Jobs report.
Secondly, identifying investments in key sectors leading to good job creation, bolstered by initiatives such as the Jobs of Tomorrow whitepaper series and the Global Future Council on the Future of Job Creation.
Thirdly, ensuring high job quality, fair wages and dynamic job transitions supported by insights from a community of over 100 Chief Human Resource Officers, a Refugee Employment and Employability Initiative and a Good Work Alliance which drives through action on ensuring good work by championing standards and metrics set forth by the Good Work Framework.
Jobs Consortium Membership
Members and Special Guests of the Jobs Consortium are CEOs, Ministers, heads of International Organisations and other leaders and experts.
"People are the key driver of any successful transformation and the sustainability of its outcome. Everything we do is focused on empowering our people by equipping them with the evolving set of tools and skills, and creating the opportunities for them to capture, grow, and flourish." – Faisal F. Alibrahim, Minister of Economy and Planning of Saudi Arabia
"The Guatemala Moving Forward Plan, a unique public-private partnership with the goal of generating 2.5 million quality jobs for Guatemalans in 10 years by attracting nearshoring investments and boosting SMEs, has set a regional precedent. These efforts can be shown in scenarios like the World Economic Forum’s Jobs Consortium, guiding other nations to create better jobs and enhance economic growth." – Janio Rosales, Minister of Economy of Guatemala
“Amidst rapid technological developments in the world of work, creating an inclusive labour market where no one is left behind is one of the top priorities of the Dutch government in the coming years. By strengthening public-private cooperation through the framework of the Jobs Consortium, I am convinced we can take great steps towards achieving this goal.” – Karien van Gennip, Minister of Social Affairs and Employment of The Netherlands
“Singapore remains committed to creating good jobs, preparing our workforce for future jobs through skills upgrading, and empowering workers to take charge of their careers. In a world buffeted by accelerating change, a common platform for leaders from private and public domains to exchange insights on workforce development is of great interest.” – Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, Government of Singapore
“At LinkedIn, our analysis of real-time labour market trends allows us to unlock unique insights that can inform decisions to make workplaces fairer, more inclusive, and equitable. Through our collaboration with the World Economic Forum, we can leverage these insights to create a better future of work for everyone.” – Allen Blue, Co-Founder and Vice-President, Products, LinkedIn
“Recruit is a growing technology company committed to connecting people to job opportunities around the world, in a faster, simpler, and more human way. We look forward to contributing to the World Economic Forum's Job Consortium and sharing meaningful labor market insights that help drive toward a world where all may prosper together.” – Hisayuki “Deko” Idekoba, President and Chief Executive Officer, Recruit Holdings
"As the largest talent company across the globe, Randstad aims to use its position to meet the needs of both companies and employees – and to do so in a way that lives up to our vision of a truly equitable, fair world of work. To advance this ideal, we’re proud to be working alongside peers at WEF’s Jobs Consortium in a way that gives meaning to a whole-of-society approach, which is crucial for the change we seek." – Sander van ‘t Noordende, Chief Executive Officer, Randstad
“UNI Global Union is tackling unfair wages and poor working conditions by ensuring the minimum wage is a living wage and putting in place mechanisms to guarantee that the rights of workers, including the right to collective bargaining, are respected and adhered to. I am excited to join the Jobs Consortium to highlight the essential need for fair wages and good quality union jobs in developing strong labour markets.” – Christy Hoffman, General Secretary, UNI Global Union
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