wbcsd & let's work global partnership - meeting the skills gap
TRANSCRIPT
Meeting the skills gap:
Lessons from the private sector
Best practices of WBCSD members in emerging markets
Overview presentation, January 2015
Challenge: Meeting the skills gap
• Skills mismatches: one of the major constraints for the
private sector to create more and better jobs
• 45+ million job seekers entering the labor force each
year
• By 2020:
Global surplus of 90-95 million low-skilled workers
Global shortage of 83-85 million high- & mid-skilled
workers
Challenge: Meeting the skills gap
• Situation particularly delicate for companies
operating in emerging markets
• Triple challenge:
Rapidly find a large number of employees with the right
set of skills
Insufficient quality and quantity of goods and services
provided by their suppliers
Very often high rates of unemployment and informal
jobs in the surrounding communities, particularly among
youth
Business case for skills & employment
• High levels of unemployment and vulnerable employment
Drive social exclusion and inequity
Prevent potential workers from productively engaging in the economy
Depress consumption
Generate social tensions (and often anti-business sentiment)
Create additional drain on national economies with consequences for
government policy, social welfare provision costs, taxation etc.
• Shortages of appropriately skilled people
Reduce the employability of the unemployed
Create problems in terms of cost, quality and delays for companies
Slow business growth and innovation
Case study collection
Workforce
development
Value chain
developmentCommunity
development
Increasing skills & employability through:
Case study structure
1. Company background
2. Skills gap addressed
3. Company solution
4. Results
5. Challenges
6. Key success factors
ITC case studies
• Vocational training program to increase
employability in rural areas in India
2,500 youth trained for manufacturing
services sectors since end of 2013 (25% girls)
Aim: 10,000 / year
• ITC Hospitality Management Institute
Meeting India’s tourism industry growth with skilled
manpower
60 managers graduating each year
SABMiller case study
• 4e Camino al Progreso enterprise development
program
Working across its chain of small retailers
(tenderos) in Latin America
Business skills, mentoring, networking to enhance
sales growth, retailer loyalty, reduce costs & risks
Targeting 40’000 tenderos across 6 Latin American
countries by 2018 – and 190,000 by 2020
Vale case studies
• Valer training program – workforce development in
northern Brazil
820 engineers and geologists trained in 5 years in partnership
with universities
11,700 young students trained 2008-2011, about 2/3 hired by
the company
• Inove local content development
Support the development of local SMEs and provide
their managers with relevant skills (finance, strategic
planning) to meet Vale’s procurement needs
500 SMEs supported, more than 4,000 people trained
Expansion beyond Brazil (Mozambique)
Road ahead
• Collect & analyze data focused on the actual impact
(incl. ROI for the company) of investing in education,
training, and skills development programs
• Second phase of WBCSD-Let’s Work collaboration to
focus on gathering information related to costs,
benefits, and overall value created through individual
company initiatives
• WBCSD to continue skills & employment
agenda within its Action2020 platform
More information
Download the brief at
www.wbcsd.org/social-impact.aspx
Filippo Veglio
Director, Social Impact
WBCSD