Strong labour relations key to reducing inequality and meeting challenges of a changing world of work - OECD & ILO

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in a Changing World of Work finds that membership is declining in a majority of countries, while in several emerging economies large shares of the workforce are still in the informal The share of employees whose job conditions and pay are regulated by collective bargaining varies greatly across sectors and countries, from less than 10% in to over 90% in Coverage of collective bargaining have also seen a marked decline in many countries over the last decades, although in some countries more workers are covered today thanks to decisive policy reforms.

Creating more and better jobs is key to achieving inclusive economic growth.

At a time marked by increasing job insecurity, wage stagnation and new challenges from the digital revolution, constructive relations are more important than ever, said Angel Gurr, launching the report alongside Swedish Margot Wallstr, French Muriel Picaud, and for Field Operations & Partnerships, Moussa Oumarou.

The report is part of the Global Deal for and Inclusive Growth, an initiative launched in 2016 by the Swedish and developed in cooperation with the and the This multi-stakeholder partnership aims to foster as a way of promoting better-quality jobs, fairer working conditions and helping spread the benefits of globalisation, in keeping with the Sustainable Development Goals. The Global Deal has around 90 partners representing governments, businesses, employers' and workers' organisations and other bodies who make voluntary commitments to contribute to a more effective dialogue and negotiated agreements on labour issues.

We are convinced that the Global Deal for and Inclusive Growth can help to spur more and better so we can provide all workers with strong voices, protection, fair working conditions and good levels of trust with employers, Mr Gurr said.

The new report shows that enhanced can create opportunities for more inclusive labour markets and economic growth, better socio-economic outcomes and greater well-being for workers, improved performance for businesses and restored trust for governments, said ILO

Some 2 billion workers around the world - more than half the global labour force - are in informal and mostly insecure jobs, according to the report, meaning they do not have formal contracts or social security. Annually there are 2.78 million work-related deaths and 374 million non-lethal work-related injuries and illnesses.

The report highlights the crucial role that unions and employers can play in shaping the future of work by jointly deciding what technologies to adopt and how, contributing to manage transitions for displaced workers, helping identify skills needs and developing education and training programs. The report also shows that when looking at the Guidelines for companies with a higher social score (a measure of their capacity to generate trust and loyalty among the workforce, customers and wider society) also have a stronger financial performance.

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First Published: Mon, May 21 2018. 16:10 IST