Changing Business and Opportunities for Employer and Business Organizations
Executive Summary of the Report
Business models worldwide are changing rapidly and radically, creating a need for policy-makers, businesses and employers’ organizations to innovate, adjust and become more flexible, according to new study.
The skills gap is a major issue, with 78 per cent 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 labour.
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).
“Technological innovation is by far the most influential trend, and is fundamentally changing the way companies add value to products and services,” said ACT/EMP Director Deborah France-Massin. “At the same time, we find that the greater penetration of technology increases the demand for ‘human’ skills such as creativity, problem solving, communication and collaboration.”
IOE Secretary-General Roberto Suarez Santos said: “The report confirms that companies, together with business and employer organisations, that embrace connectivity and digitalisation 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.
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IOE highlights and outcomes, bringing together key takeaways for youth, EOs, and government.
Joint ILO-IOE Report on five trends that are radically altering global business models
Executive Summary of the Report
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