Whiteshield, a global strategy and public policy advisory firm, released its Global Labour Resilience Index (GLRI) 2023 during the World Government Summit. The index is a first-of-its-kind measurement tool that assesses the capacity of an economy to limit fluctuations in EMPLOYMENT and quickly rebound from setbacks. The index ranked 136 countries for their resiliency in labour markets, policies, and key capabilities to face crises such as pandemics, technological disruptions, and transition to a .
The last two years have tested the limits of labour market resilience and the global labour force would have been in a more challenging position if it were not for the unprecedented government support, the report revealed.
The GLRI 2023 analysed countries that are prepared for the future of work. Alongside structural vulnerabilities, the report ranked countries on their ability to absorb crises, recover, and align their economies with future trends.