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:
- Boosting foresight on labour market trends to prepare for the future
- Identifying investments in key sectors leading to good job creation
- Supporting high job quality, fair wages and dynamic job transitions
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
Members of the Jobs Consortium are building and championing a new vision for the future of work and agreeing on priority areas for action. The Jobs Consortium will illustrate pathways to the new vision for work through case studies and develop and implement the vision through 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
“A vibrant and inclusive job market is the most important investment that all our societies have to make. It requires not only creating good jobs across a range of sectors and vocations, but deliberate efforts and partnerships between governments, employers and various social partners to orchestrate lifelong learning and upskilling, career agility and efficient matching of skills with future demand.” – Tharman Shanmugaratnam, Senior Minister, 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
“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