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CIPD calls on G20 to prevent 'global skills crunch'
Tuesday, 31 March 2009
The Chartered Institute of Personnel and Development has called for the G20 to work on unblocking the labour market, which could lead to an influx of new graduate jobs.
According to the organisation, a "new world order of work" should be created, with it calling for the G20 leaders to "go beyond short-term job creation" and address a number of long-term priorities.
Governments should look at implementing flexible work measures, while encouraging the "free flow of labour" and making additional investments in vocational training.
John Philpott, public policy director at the CIPD, said evidence shows "young people are the demographic being hit hardest by this recession", with the number of graduate jobs remaining at a low level.
"While action to avoid sowing the seeds of a generation of wasted talent must necessarily come at a national level, global leaders can usefully compare policy solutions and co-ordinate actions," he added.
"Let's avoid the global credit crunch spawning a global skills crunch."
The CIPD recently advised that training and development of staff should remain a priority for employers despite the economic downturn squeezing organisation's budgets.