Deloitte: Governments need to adopt an integrated approach to work creation
14 February, 2018 – The labor market across the GCC and globally is changing dramatically and the nature of new jobs being created does not always match the skills-set of the existing labor pool. This is according to Deloitte and the World Government Summit’s latest report, Winner Takes All: The Race to Adopt an Integrated Approach to Job Creation in the Future Age of Work. The report proposes tools to navigate the transformation of work and create the jobs of the future.
“Governments have not always had effective policies in solving inequality through employment whilst simultaneously ensuring economic growth. There have always been disconnects, in principle and in practice,” said Julian Hawkins, Consulting CEO at Deloitte in the Middle East. “Whereas their negative effects were sufficiently minor, and/or not adequately politically sensitive to require urgent attention, this is no longer the case as the disconnect is widening and the political, economic, social and ethical impacts are more tangible”.
One of the tools proposed in the report is Systems thinking - a framing tool that assists in understanding the nonlinear behavior of complex systems including the dynamic and interlocking elements within it, to achieve the following:
- Enable governments to understand the dynamics, interdependencies and decision-making process within the workforce system. It is essential in social systems where each intervention can lead to unexpected feedback loops;
- Assist policy makers in identifying the causes of labor market behaviors providing insight into the what and when, as well as the how and why;
- Develop a comprehensive and coordinated planning efforts in collaboration with every player in the ecosystem.
“Overall, we are moving to a world where nation-states will be divided into “winners” and “losers” based in large part on the approaches they take to their labor markets. The rise of new markets requiring highly specialized skills mean labor markets globally are increasingly turning into a zero-sum game, where nations that are able to attract the best and brightest will be able to build sustainable innovation advantages over countries that are unable to do so”, concluded Sultanbek Khunkaev, Director at Monitor Deloitte Middle East.
About the World Government Summit
"The World Government Summit is a global platform dedicated to shaping the future of government worldwide. Each year, the Summit sets the agenda for the next generation of governments with a focus on how they can harness innovation and technology to solve universal challenges facing humanity.
The World Government Summit is a knowledge exchange center at the intersection of government, futurism, technology, and innovation. It functions as a thought leadership platform and networking hub for policymakers, experts and pioneers in human development.
The Summit is a gateway to the future as it functions as the stage for analysis of future trends, concerns, and opportunities facing humanity. It is also an arena to showcase innovations, best practice, and smart solutions to inspire creativity to tackle these future challenges."
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About Deloitte & Touche (M.E.):
Deloitte & Touche (M.E.) is a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and is a leading professional services firm established in the Middle East region with uninterrupted presence since 1926. DTME’s presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DTME’s affiliates and related entities cannot oblige each other and/or DTME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable only for its own acts or omissions and not those of any other affiliate.
Deloitte provides audit, tax, consulting, financial advisory and risk advisory services through 25 offices in 14 countries with more than 3,300 partners, directors and staff. It is a Tier 1 Tax advisor in the GCC region since 2010 (according to the International Tax Review World Tax Rankings). It has also received numerous awards in the last few years, which include best Advisory and Consultancy Firm of the Year 2016 in the CFO Middle East awards, best employer in the Middle East, the Middle East Training & Development Excellence Award by the Institute of Chartered Accountants in England and Wales (ICAEW), as well as the best CSR integrated organization.
The information contained in this press release is correct at the time of going to press.