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In an article published in the May edition of The OECD Observer, Ciett Manging Director Denis Pennel discussed how Public-Private Partnerships (also known as PPPs) in the employment sector can help enhance labour market participation and increases the rate of transition from unemployment to work, supporting both businesses and workers through the recovery.
Developing public-private partnerships in employment is crucial for a number of reasons. Labour markets are no longer efficient enough to cope with increasing demands due to the impact of the crisis, demographic changes and limited geographical mobility. Today’s labour market challenges demand that we share tools, expertise and know-how, and provide complimentary services to unemployed people and companies. Private employment services provide job-seekers, particularly disadvantaged job-seekers, with a stepping stone to the labour market. Initiatives as simple as sharing resources not only maximize efficiencies but are crucial in dealing with the fallout from the financial crisis. Governments need to build on existing partnership models and encourage greater co-operation in this area if we are to avert long-term unemployment.
The full article can be read in full at http://www.oecdobserver.org/news/fullstory.php/aid/3280/Partnerships_for_jobs.html