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“Monitor on World of Work Report” released by International Labor Organization

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“Monitor on World of Work Report” released by International Labor Organization

Recently the 9th edition of ‘Monitor on World of Work Report’ of International Labor Organization (ILO) has been released.

Key findings of this report:

  • In the first quarter of 2022, the number of working hours globally decreased to 3.8 percent from the pre-crisis determination. This equates to the loss of 112 million full-time jobs.
  • Women workers in the informal sector have been affected the most as compared to their male counterparts.
  • In the second quarter of 2020, the number of women in informal sector employment declined by 24% compared to the pre-COVID crisis. At the same time, there was a decline of 18% in the cases of men.
  • In 2021, three out of five workers were living in countries where labor income did not reach the level seen in the fourth quarter of 2019.
  • Several measures have been recommended in this report to overcome this situation. These recommendations are in line with the ILO’s Global Call to Action for Human-Centered Recovery, and the ILO-led United Nations initiative ‘Global Accelerator for Jobs and Social Protection’.

These measures include:

  • Providing timely and effective assistance to maintain the purchasing power of labor income.
  • Assistance to the groups and sectors most affected by the crisis, especially the disadvantaged workers and those moving from informal to formal economy jobs.
  • Long term and well-designed sector wise policies are needed.

Global Call to Action for Human-Centered Recovery:

It calls for transforming the moral and political aspiration of “no one to be left behind” into concrete action. This policy provides clear and comprehensive avenues to enable countries to do so.

Global Accelerator for Jobs and Social Protection:

It aims to help ensure global financing to create 400 million jobs. Also, it aims to provide Social Security to the 4 billion people who are currently out of it.

Other major ILO reports:

  • World Wage Report,
  • World Social Security Report,
  • World Employment and Social Outlook Report,
  • Social Interaction Report etc.

Source – The Hindu

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