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Add to Preferred SourcesGlobal business models are changing rapidly and radically, creating a need for policy-makers, businesses and employers’ organizations to innovate, adjust and become more flexible, according to a new study.
The skills gap is a major issue, with 78 percent of corporate executives saying schools are failing to meet future employers’ needs, according to the research conducted by the International Labour Organization’s (ILO) Bureau for Employers’ Activities (ACT/EMP) and the International Organisation of Employers (IOE).
More broadly, the report identifies five trends that are radically altering global business models regardless of size, sector or location; technological innovation, global economic integration, climate change and sustainability, demographic and generational shifts, and a global shortage of skilled labor.
The report, Changing Business and Opportunities for Employer and Business Organizations, stresses that businesses cannot meet the challenges alone and should develop collective solutions through Employer and Business Membership Organizations (EBMOs).
IOE Secretary-General Roberto Suarez Santos said: “The report confirms that companies, together with business and employer organisations, that embrace connectivity and digitalization will be the winners in this competitive landscape.”
The role employers and business organizations will play in these coming changes is a key element of the debate around the future of work that is included in the report.
The study is based on a detailed survey of hundreds of corporate executives, extensive research, and consultations with EBMOs.
Read and download the report: Changing Business and Opportunities for Employer and Business Organizations.
Original source: ILO
Published on 26 March 2019