Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Business > DELOITTE: GOVERNMENTS NEED TO ADOPT AN INTEGRATED APPROACH TO WORK CREATION

DELOITTE: GOVERNMENTS NEED TO ADOPT AN INTEGRATED APPROACH TO WORK CREATION

Published by Gbaf News

Posted on February 16, 2018

4 min read

Last updated: January 21, 2026

UK finance minister Rachel Reeves discusses economic growth plans - Global Banking & Finance Review — Featured image of UK finance minister Rachel Reeves presenting her plans to boost economic growth through infrastructure reforms and Heathrow expansion. Key initiatives discussed include easing planning laws and supporting the Oxford-Cambridge corridor.

The labor market across the GCC and globally is changing dramatically and the nature of new jobs being created does not always match the skills-set of the existing labor pool. This is according to Deloitte and the World Government Summit’s latest report, Winner Takes All: The Race to Adopt an Integrated Approach to Job Creation in the Future Age of Work. The report proposes tools to navigate the transformation of work and create the jobs of the future.

“Governments have not always had effective policies in solving inequality through employment whilst simultaneously ensuring economic growth. There have always been disconnects, in principle and in practice,” said Julian Hawkins, Consulting CEO at Deloitte in the Middle East. “Whereas their negative effects were sufficiently minor, and/or not adequately politically sensitive to require urgent attention, this is no longer the case as the disconnect is widening and the political, economic, social and ethical impacts are more tangible”.

One of the tools proposed in the report is Systems thinking – a framing tool that assists in understanding the nonlinear behavior of complex systems including the dynamic and interlocking elements within it, to achieve the following:

Enable governments to understand the dynamics, interdependencies and decision-making process within the workforce system. It is essential in social systems where each intervention can lead to unexpected feedback loops;
Assist policy makers in identifying the causes of labor market behaviors providing insight into the what and when, as well as the how and why;
Develop a comprehensive and coordinated planning efforts in collaboration with every player in the ecosystem.

“Overall, we are moving to a world where nation-states will be divided into “winners” and “losers” based in large part on the approaches they take to their labor markets. The rise of new markets requiring highly specialized skills mean labor markets globally are increasingly turning into a zero-sum game, where nations that are able to attract the best and brightest will be able to build sustainable innovation advantages over countries that are unable to do so”, concluded SultanbekKhunkaev, Director at Monitor Deloitte Middle East.

The labor market across the GCC and globally is changing dramatically and the nature of new jobs being created does not always match the skills-set of the existing labor pool. This is according to Deloitte and the World Government Summit’s latest report, Winner Takes All: The Race to Adopt an Integrated Approach to Job Creation in the Future Age of Work. The report proposes tools to navigate the transformation of work and create the jobs of the future.

“Governments have not always had effective policies in solving inequality through employment whilst simultaneously ensuring economic growth. There have always been disconnects, in principle and in practice,” said Julian Hawkins, Consulting CEO at Deloitte in the Middle East. “Whereas their negative effects were sufficiently minor, and/or not adequately politically sensitive to require urgent attention, this is no longer the case as the disconnect is widening and the political, economic, social and ethical impacts are more tangible”.

One of the tools proposed in the report is Systems thinking – a framing tool that assists in understanding the nonlinear behavior of complex systems including the dynamic and interlocking elements within it, to achieve the following:

Enable governments to understand the dynamics, interdependencies and decision-making process within the workforce system. It is essential in social systems where each intervention can lead to unexpected feedback loops;
Assist policy makers in identifying the causes of labor market behaviors providing insight into the what and when, as well as the how and why;
Develop a comprehensive and coordinated planning efforts in collaboration with every player in the ecosystem.

“Overall, we are moving to a world where nation-states will be divided into “winners” and “losers” based in large part on the approaches they take to their labor markets. The rise of new markets requiring highly specialized skills mean labor markets globally are increasingly turning into a zero-sum game, where nations that are able to attract the best and brightest will be able to build sustainable innovation advantages over countries that are unable to do so”, concluded SultanbekKhunkaev, Director at Monitor Deloitte Middle East.