G-20 St. Petersburg Summit- Employment creation

Countries: 
Event/initiative: 
Date of commitment: 
September 2013

Commitment

G-20 leaders commit to taking a broad-ranged action, tailored to national circumstances, to promote more and better jobs: improving business environment and stimulating the creation of formal, more productive and rewarding jobs, through pro-growth structural reforms in product and labour markets, including by promoting labour market adaptability and efficiency, ensuring adequate labour protection, as well as appropriate tax regimes and other government initiatives that may be required according to national circumstances; investing in people's skills, quality education and life-long learning programs to give them skill portability and better prospects, to facilitate mobility and enhance employability; fostering targeted investments to ensure that labour market infrastructure and effective labour activation policies are in place to help jobseekers find work and bring under-represented and vulnerable groups into the labour market and reduce informality; Improving job quality, including through working conditions, wage bargaining frameworks, national wage-setting systems, and access to social protection; and developing country-specific plans or sets of actions on employment the progress of which will be discussed Brisbane. Promoting youth employment is a global priority. G-20 leaders are committed to quality apprenticeship and vocational training programmes, finding innovative ways to encourage firms to hire youth for example by, where appropriate, reducing non-wage labour costs, moving towards early intervention measures and effective job-search assistance for different groups of youth, and motivating youth entrepreneurship and business start-ups. Tailored strategies including youth guarantee approaches, developing school and university curricula that support entrepreneurship, and facilitating exchange of best practices among the G20 countries and the social partners are crucial in this respect.

Target

No numerical targets set.

Progress

Gap

Additionality