In a growth strategy by acquisitions, what is more important? The macroeconomic environment of the target market? Or is it the particular performance of a potential seller? ...
On a yearly basis, members of the World Employment Confederation touched the lives of 54 million people by ...
Brussels, 25th November 2019 – Over one year, 54 million people found employment opportunities via agency work or direct recruitment services provided by private employment agencies. On a global average, 40% of individuals were either unemployed or inactive prior to starting out in the agency work sector and 74% of agency workers are still employed 12 months after their initial assignment. In more than two thirds of countries considered, the share of young people in agency work is higher than in the overall employed population and in nearly half of the countries, the share of women is higher.
“Data from our 2019 Social Impact Report demonstrate that private employment services drive labour market participation and diversity, in particular to the benefit of the most vulnerable groups,” says Annemarie Muntz, President of the World Employment Confederation. “Work remains a vital element in people’s life and our sector clearly contributes to making transitions work for all, delivering fulfilling careers and dynamic labour markets.”
The World Employment Confederation (WEC) produces its Social Impact Report based on data collected from its members and third-party research. With 50 national federations and eight corporate members, the World Employment Confederation represents the private employment services industry at global level. The 2019 Social Impact Report dives deep into the contribution of the sector to participation, transitions and inclusiveness of labour markets but also addresses the impact of WEC members in upskilling the workforce, ensuring quality working conditions and providing protection and stability to workers.
Acknowledging the challenges brought by the evolution of the world of work, the members of the World Employment Confederation have indeed proactively created innovative and socially inclusive solutions to ensure decent work. Several of these examples are featured in the Social Impact Report as well as on the World Employment Confederation’s dedicated online database of social innovation case studies.
“Surveys amongst agency workers regularly conducted by our members shows high levels of satisfaction regarding work situation, career prospects, quality of assignments and skilling opportunities. Investing in solutions to provide meaningful and decent work pays off, for workers, businesses and society as a whole,” Muntz concludes.
About the World Employment Confederation
The World Employment Confederation is the voice of the employment industry at a global level, representing labour market enablers from 50 countries as well as eight of the largest international workforce solutions companies. Members of the World Employment Confederation represent a wide range of HR services, including agency work, direct recruitment, career management, Recruitment Process Outsourcing (RPO) and Managed Services Provider (MSP). The World Employment Confederation works to broaden recognition of the positive economic and social role which the employment industry plays in enabling work, adaptation, security and prosperity. This work involves building networks with relevant stakeholders such as policy makers, social partners and the academic world; setting high recruitment and employment standards and practices; acting as
a thought-leader shaping futureproof and competitive labour markets and providing strategic data on employment issues.
Follow WEC: www.wecglobal.org TW:@WECglobal