The World Employment Confederation believes in the potential of cross industry collaboration and blockchain technology to reduce frictions in the process of connecting people with work and to make it a positive and trusted experience for candidates, workers and employers.
By joining the Velocity Network Foundation, the World Employment Confederation is directly involved in shaping the standards and processes that will enable the ‘Internet of Careers®’ as profiled in Velocity’s vision. Leveraging the promise of blockchain technology, one tangible outcome expected from Velocity is to offer a ‘digital wallet’ enabling personal credentials and data to be shared by the owner of that data – the worker! – easily and in a secure way from one labour market player to another.
“The network of partners that Velocity brings together will enable the speed, trust and data security that is necessary in modern labour markets to maximise efficiency for the workforce, businesses and communities we serve. For the World Employment Confederation and its members, being part of this network will accelerate the opportunities for labour market intermediaries to improve the job search process for customers and workers alike,” explains John Healy, Vice-President of the World Employment Confederation and chairman of its Blockchain Taskforce.
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The World Employment Confederation brings together 49 national federations and six corporations covering a wide range of HR services, including agency work, direct recruitment, career management, Recruitment Process Outsourcing (RPO) and Managed Service Provision (MSP). The World Employment Confederation brings unique access to and engagement with international policymakers (ILO, OECD, World Bank, IMF, IOM, EU) and stakeholders (trade unions, academic world, think tanks, NGOs).
Leading in the changing world of work, the World Employment Confederation strives for recognition of the economic and social role played by the industry in enabling work, adaptation, security and prosperity in our societies.
Its members provide access to the labour market and meaningful work to more than 70 million people around the world and serve around 5 million organisations on a yearly basis.