Delivering on the European Green Deal A Private Sector Perspective 2025

Page 29 of 40 · WEF_Delivering_on_the_European_Green_Deal_A_Private_Sector_Perspective_2025.pdf

TABLE 8 Recommendations: just transition and labour markets Challenge Recommendations Public sector Private sector Skill planning aligned with green transition –Policy-makers should identify skills needed to support long-term decarbonization strategies to shape educational curricula and create a pipeline of talent. –The private sector should establish strategies to ensure their workforce develop and acquire key skills. –Understand which skills will be obsolete to help mitigate fallout from redundancies. Reskilling of existing workforce –Identify jobs threatened by the transition. –Identify future jobs with similar skills and scope of work requirements. –Design specific public regional and/or national reskilling programmes, integrating regional perspectives in programme design and skills identification. –Link the public unemployment aid with participation in reskilling programmes. –The private sector should develop in-house training programmes to build skills within their existing workforce aligned with their transformation plans. –The private sector should support the development of career transition pathways based on existing skills to minimize friction. Hiring incentives for employers –Engage employers to promote the hiring of reskilled employees. –Design compensation schemes to ensure consistency of income of reskilled employees by subsidizing their pay in their new place of employment (e.g. direct subsidies, tax credits etc.). Improved cross- border work capabilities –Identify and remove barriers to workforce cross-border mobility (e.g. taxation, centre of vital interests etc.) –Harmonize regulations to allow workers to engage in remote work across borders (e.g. taxation, centre of vital interests etc.) –Harmonize regulations related to the cross-border recognition of skills and professional qualifications. Handling dialogues on redundancy –Engage in cross-sectoral dialogue on redundancies. –Identify cross-sectoral transferability options for redundant workers based on current skills in order to retain the maximum value of their knowledge and experience. –Build alliances to transfer workforces between sectors and industries. –Communicate redundancies to social partners early and transparently. –Engage in dialogue with social partners to create buy-in for workforce transfers. Just transition for experienced workers –Include the hiring of reskilled workers in workforce transition plans. –Publicly commit to hire re-skilled workers from brown sectors to build social buy-in for the green transition. –Collaborate with government agencies to hire reskilled workers. Support for workforce mobility and remote work –Identify issues related to cross-border mobility of workforce and cross-border remote work. –Engage in dialogue with public authorities to address identified issues. Stimulation of workforce mobility –Design relocation schemes and housing support for employees willing to relocate. –Offer trial periods with full housing support for employees willing to relocate. –After successful trials, offer mid- to long-term employment guarantees to mitigate relocation risk for employees. Delivering on the European Green Deal: A Private Sector Perspective 29
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