OIC Labour Market Report 2023 - Implications of Rising Digitalization and Automation on Employment
Date: 22 November 2023

SESRIC launched the OIC Labour Market Report 2023 during the 5th Islamic Conference of Labour Ministers, which was held in Baku, Republic of Azerbaijan during 21-23 November 2023. The report analyses the state of labour market and discuss some important aspects of labour market policy and developments in OIC countries. The report also provides a brief assessment on the progress made towards the implementation of the OIC Labour Market Strategy 2025 based on key performance indicators and survey responses.

The report commences by providing valuable insights into the dynamics of labour force participation and employment in OIC countries. Notably, it highlights the steady increase in the share of OIC countries in the global labour force, despite participation rates remaining stagnant within the OIC region. In light of these changes, the report emphasizes the crucial importance of achieving gender parity and engaging the youth, who face limited opportunities in labour markets. This situation necessitates focused efforts to unlock the potential of a significant segment of the population. In addition to these insights, the report underscores the urgent need for social protection and income equity. While progress has been made in reducing poverty rates, there is still a demand for enhanced social safety nets to ensure the well-being of all workers.

A central theme of this report revolves around the examination of digitalization and automation and their implications for OIC countries. As industries undergo digitization, jobs are being redefined, tasks are being restructured, and skills are evolving. Despite the promises of increased productivity, ground-breaking innovation, and a changing job market in the digital age, it also poses risks, particularly for individuals whose skills and roles are most susceptible to automation. The core message of this report centres on the urgency of equipping individuals with the skills and capabilities needed for the future of work. The challenge ahead encompasses not only the preservation of jobs but also the full utilization of emerging technologies to drive economic growth, create new avenues for prosperity, and pave the way toward inclusive development. Success hinges on proactive measures addressing the digital divide, promoting education and training, fostering innovation, and cultivating a collaborative and partnership-driven ecosystem.

Online Electronic Version