Ciett News Release (11/17/2014)
Employment and job creation remain at the center of the Group of 20 agenda, according to G20 leaders attending the recent G20 Summit in Australia. The G20 leaders committed to take appropriate policy measures to stimulate growth of an additional 2% of gross domestic product by 2018 that will help create millions of quality jobs. Additionally, the G20 wants to increase women’s participation rate in the workforce (25% by 2025), and ensure that young people are employed or are being educated or trained for employment.
The International Confederation of Private Employment Agencies, known as Ciett (its acronym in French) welcomes the G20’s focus and stresses that the employment and recruitment industry can help achieve these ambitious targets. In the latest Ciett Economic Report, data show that only 32% of those coming to a private employment firm already are employed, but after a year of employment firm work, the share of those employed rises to 68%. Each year, the employment and recruitment industry helps 12.9 million young people enter the labor market; up-skills 8.3 million people, giving them more work choices; and creates 3.1 million more jobs. ASA is a member of Ciett.