Live updates

Adecco CEO, Alain Dehaze, who is one of the Co-Chairs of the Jobs Reset Summit spoke at today’s session on, Transforming Education, Skills and Lifelong Learning.

He said that training has to be elaborated as a kind of ecosystem – a multiskakeholder collaboration. Each partner must be committed: individuals, companies and governments all need to buy in and commit to the skills challenge. He also emphasised the importance of fighting inequality and establishing action plans that are inclusive of all communities.

New research from ManpowerGroup reveals that the majority of workers think that the global COVID-19 pandemic will bring full-time work in the office to an end.

Based on data gathered from 8,000 workers in eight countries, The Future for Workers, By Workers shows how global employers are experiencing a significant workforce transformation and that the health implications of COVID-19 are playing out as both an economic and social crisis.

A major finding within the report is that companies need to redesign working practices and prioritize the health and wellbeing of employees and all stakeholders. Indeed, 8 in 10 people surveyed say they want more remote work to better balance family life - and most believe they’ll have a better work life blend going forward.

“Those organizations that prioritize emotional wellbeing and flexibility while demonstrating how they create social impact in challenging times will be best positioned to attract and retain the best talent," said Jonas Prising, ManpowerGroup Chairman & CEO who is one of the Co-Chairs of the Jobs Reset Summit which the World Economic Forum is hosting this week.

The new Future of Jobs Report 2020 is live. It looks at the double disruption of COVID and automation and how that will play out in labour markets. Watch the media briefing here.

Thanks to partners LinkedIn, Coursera, FutureFit AI and ADP.

More insights from LinkedIn's Karin Kimbrough here.

PwC's Robert E. Moritz says there is a need for urgent reform. The "tax code around the world was created for an old-world society", he says. "There is a need for systemic change in tax systems around the world, and what you are looking to do is create the right incentives for the right sustainable behaviours."

How can we ensure a 'jobs-full' recovery - and what should we do to make that happen? Alan Jope, Chief Executive Officer of Unilever, cites three areas we should be focusing on.

First - we need to stop obsessing over GDP and profit. "We need to start bringing social and environmental issues to the fore," he says. Second, we cant spend resources propping up the jobs of the past - we need to invest in skills and training.

"Third, we have to invest heavily in a low-carbon future," he says. "Many of the jobs of the future will be in low-carbon sectors, whether that's agriculture, energy or transport."

And a nice summation from Mr Jope: "The business case for sustainability is bulletproof."

One in four women are considering downshifting their careers or leaving the workforce entirely because of the impact of COVID-19, according to a new report.

“As many as 2 million women are considering taking a leave of absence or leaving the workforce altogether,” warns Women in the Workplace, the largest comprehensive study of the state of women in corporate America.

“Many employees are exhausted and burned out. Women in particular have been negatively impacted, and three groups are facing distinct challenges: mothers, senior-level women, and Black women.”

The report is published by management consultancy McKinsey & Company and the women’s campaign group LeanIn.Org.

Read more here.

Introducing the Jobs Reset Summit: what are the World Economic Forum's partners saying?

Read the full article here.

Graham MacMillan from the VISA Foundation makes a convincing case for investing in women small and micro business owners as a means to rebuild the post-COVID global economy. Read more here.

Recent reports show women are disproportionately affected by the pandemic globally, especially those working in the informal economy. Before the pandemic, there was already a $300 billion annual credit deficit in funding for women-owned SMBs. Closing the gender gap in credit access could improve developing economy growth rates by 1.1%.

Unilever's efforts to reduce the environmental impact of its products have ramped up.

The company has come up with a strategy – Clean Future – to make its cleaning and laundry brands lower carbon and lower waste.

With an investment of €1 billion over the next ten years, Unilever will replace ingredients derived from fossil fuels in its cleaning and laundry product formulations with ingredients from renewable or recycled sources.

Clean Future will transform the sustainability of Unilever brands like OMO, Cif and Domestos. It’s also a big step towards its commitment of net zero emissions from its products by 2030.