ILO at IFC Conference on Assessing Private Sector Contributions to Job Creation

The IFC Jobs Study Conference marked the launch of the Jobs Study Report “Assessing Private Sector Contributions to Job Creation.” The event provided an opportunity for participants to share perspectives, best practices, and practical lessons on promoting job creation in developing countries through the private sector.

The IFC Jobs Study Conference marked the launch of the Jobs Study Report “Assessing Private Sector Contributions to Job Creation.” The event provided an opportunity for participants to share perspectives, best practices, and practical lessons on promoting job creation in developing countries through the private sector.

The ILO participated in panels on: “The Job Challenge: Creating More, Good Quality Jobs,” and “Quantity or Quality of Jobs: Practical Suggestions to Find Win-Win Solutions.”

At these sessions Nancy Donaldson, Director of the ILO Washington Office and Raymond Torres, Director of the International Institute of Labor Studies (IILS), shared the approach of Decent Work and emphasized that while job creation and growth are fundamentally important, their quality is similarly, if not more important.

“The private sector not only contributes to a significant portion of today’s jobs, but also plays a significant role in advancing working conditions that motivate workers, respect rights and raise productivity”, Donaldson said.

The ILO highlighted that to address the challenge of quantity and quality of jobs in a “win-win” situation, a new approach is necessary - one that is predicated on once again putting jobs and people at the center of development and policy efforts. Well-designed employment and social measures will support growth and job creation. Those efforts are more effective when they include dialogue and partnerships between the public and private sectors, as well as with workers.

“Social benefits, salary, and good contracts are not the only determinants of job quality and satisfaction; workers’ own sense of empowerment is perhaps the most crucial component of job quality”, Donaldson added.

Find out more about the Conference at:

http://www1.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/idg_home/jobcreationlaunch