Employers, trade unions and governments have reached an historic global agreement on measures to promote employment and enterprise development during economic recovery. The Global Jobs Pact was adopted by the International Labour Organization (ILO) on 19th June in Geneva. It meets the challenges laid down by G20 governments in April in London – supporting employment by stimulating growth, investing in education and training and implementing effective labour market policies.
The challenge for the ILO, international organisations, governments, trade unions and employers, will be translating these ideas into practical measures. The true test of the new Pact will be its translation into more jobs in all countries. The employers of the world are committed to ensuring the global jobs pact translates into more sustainable enterprises and therefore more jobs and a rapid and comprehensive global economic recovery. The survival of private enterprises will be critical to that recovery. The Global Jobs Pact underlines the key role the private sector must play in any recovery. It emphasises the importance of policies that support business survival, the development of entrepreneurship and investment. It also identifies the development of small to medium sized enterprises, infrastructure and the positive role of rural employment.