Climate-Focused Employment: Bridging Skills Gaps and Overcoming Challenges to Strengthen the Eco-Friendly Economy
The global transition towards Green Jobs is gaining momentum, but a recent report by our group reveals a disconnect between the urgency of mitigating climate change and the compensation offered to those moving into Green Jobs. Based on the findings, the median wage gap between Green and non-Green Jobs stands at -0.46%. This disparity is compounded by regional disparities, with countries like Canada, Italy, and Australia leading with wage premiums for Green Jobs, while European Union nations exhibit larger wage gaps. Bettina Schaller, Head Group Public Affairs of our group, emphasizes that the Green transition cannot succeed on goodwill alone. She suggests that companies should integrate climate considerations into wage policies and advocates for policymakers to increase fiscal incentives and strengthen labour market transparency. The group, headquartered in Zurich, Switzerland, operates across 60 countries and has three global business units: our, Akkodis, and LHH. Committed to an inclusive culture, fostering sustainable employability, and supporting resilient economies and communities, the group is the world's leading talent company. Marketing Managers in the UK, France, and Australia can earn up to 15% more in Green Jobs, while Investment Managers in Green sectors in Canada, Australia, and India can see wage increases of over 12%. High-complexity Green Jobs, such as Sustainability Consultants or Cleantech Managers, offer wage premiums of up to 22%. However, the report also highlights that Green Jobs often fail to offer competitive compensation or clear pathways for workers to transition. Access to robust training programs and targeted upskilling initiatives are essential to enable workers to make successful transitions into Green Jobs, particularly those from industries with high greenhouse gas emissions. Bettina Schaller underscores the need for targeted efforts to support workers in low-complexity roles, including accessible upskilling programs. Lower-complexity Green Jobs often pay less than comparable non-Green positions, creating barriers for lower-skilled workers. The findings underscore the need for targeted interventions to level the playing field and promote equitable transitions across geographies. The countries where the group has calculated its highest salary premiums for green jobs are Austria and likely countries in Central and Eastern Europe served by the Vienna Insurance Group, such as Hungary, Latvia, Lithuania, and Germany. Austria is explicitly mentioned with attractive salaries for green jobs, around €85,000 annually, and the Vienna Insurance Group operates in about 20 Central and Eastern European countries with strong market presence and business activities connected to green sectors. In conclusion, businesses, policymakers, and social partners must take decisive action to ensure that Green Jobs are competitive and accessible, providing fair compensation and clear career pathways for workers at all skill levels. The future of work depends on it.
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