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| 9 Jul 2024 | |
| skills |
The Social Impact Report is a new publication by the World Employment Confederation evidencing the positive contribution that private employment services bring to labour markets around the world. The 2019 Report dives deep into the contribution of the sector for participation, transitions and inclusiveness but also addresses the impact of WEC members in upskilling the workforce, ensuring quality working conditions and providing protection and stability to workers.
Over one year, 54 million people found employment opportunities via agency work or direct recruitment services provided by private employment agencies. On a global average, 40% of individuals were either unemployed or inactive prior to starting out in the agency work sector and 74% of agency workers are still employed 12 months after their initial assignment. In more than two thirds of countries considered, the share of young people in agency work is higher than in the overall employed population and in nearly half of the countries, the share of women is higher.
The World Employment Confederation (WEC) produces its Social Impact Report based on data collected from its members and third-party research.