In 2020, the global workforce lost an equivalent of 255 million full-time jobs, an estimated $3.7 trillion in wages and 4.4% of global GDP, a staggering toll on lives and livelihoods. While vaccine rollout has begun and the growth outlook is predicted to improve, an even socio-economic recovery is far from certain.
The choices made by policymakers, business leaders, workers and learners today will shape societies for years to come. At this critical crossroads, leaders must consciously, proactively and urgently lay the foundations of a new social contract, rebuilding our economies so they provide opportunity for all.
In this context, the Forum remains committed to working with the public- and private sectors to provide better skills, jobs and education to 1 billion people by 2030 through initiatives to close the skills gap and prepare for the ongoing technological transformation of the future of work.
A recent EY report found 13,000 projects in the renewable energy sector could help develop 10 million jobs in 50 countries around the world.
Relying on monolithic testing means candidates are not being given an opportunity to have their skills assessed properly and is leading to a vast skills gap.
MainStreet co-founder Doug Ludlow describes his experience living in Modesto and why he started the financing company to improve employment opportunities.
Low-skilled workers in Latin America and the Caribbean have been most affected by COVID-19. Two World Bank experts explain how policy can help the recovery.
New research has shown the extent of the digital divide in the United States, with lower-income Americans continuing to lag behind in technology adoption.
The Fourth Industrial Revolution will require new skills and a different mindset. Employees and employers alike will need to embrace lifelong learning.
Good decision-making skills are becoming more desirable to employers. The share of jobs requiring employees to make good decisions rose by 28% in 58 years.
Research has shown that while the need for manual skills will decline, the demand for technological, social and higher cognitive skills will increase.
London Business School's Lynda Gratton believes hybrid working can make our work lives more purposeful, productive and flexible. Here's what you need to know.
AI in hiring has expanded rapidly. The Brookings Institution's AI expert explains how algorithmic audits can help keep hiring free from discrimination.
In spite of popular beliefs, robots are not replacing workers, with data showing that increased automation actually leads to an increase in hiring overall.
Stress in the workplace not only leads to low productivity but also hampers the mental health of people. Here's how to tackle burnout due to stress in the workplace.