WEF’s New Work Standards initiative will look to co-create a framework for good working standards, with all signatories putting a clearly defined ‘future of work’ strategy in their boards’ agenda.
Bengaluru: Wipro Ltd. has become one among the first 14 signatories of the World Economic Forum’s initiative on co-creating new work standards, joining the likes of Tata Steel, Unilever, The Coca-Cola Co. and Bank of America.
The initiative, which comes against the backdrop of pandemic-induced disruption in the way people work, will look to co-create a framework for good working standards, with all signatories putting a clearly defined ‘future of work’ strategy in their boards’ agenda.
“Companies around the world today are reinventing themselves so they can offer better employee flexibility, stability and security. As we join World Economic Forum’s Partnership for New Work Standards initiative, we hope to contribute to global discussions and behavioural change around work,” Wipro’s President and Chief HRO Saurabh Govil said.
Automation of industries will require greater efforts on reskilling and upskilling workers, WEF said, and diversity needs to be boosted as the pandemic has had a disproportionate impact on women and minorities.
“As organisations transition from the Covid-19 crisis into the ‘new’ future of work, there is the opportunity for employers to collectively reset their approach to the future of work and put people first,” said Till Leopold, who heads action initiatives at WEF’s Centre for the New Economy and Society at the World Economic Forum. “Getting this right will help determine whether the post-pandemic recovery leads to positive outcomes for business and society.”