A Future-Fit Business ensures that all its workers are treated fairly. Contracts between employer and employee afford individuals the basic protections, freedoms and rights expected in a prosperous and just society.
What this goal means
Employees who work reasonable hours, who feel secure in their employment, and who are afforded adequate time off are more likely to thrive physically, emotionally, and mentally – in and outside work.
This means that employees must have the right of association (e.g. the right to join – or refrain from joining – a union), the right to reasonable working hours, the right to leisure (e.g. holiday entitlements and overtime pay) and the right to parental leave.
To be Future-Fit, a company must:
- Ensure the company does not use child labour;
- Ensure employees’ freedom of association;
- Structure contracts to include fair working hours; and
- Accommodate appropriate periods of leave from work.
Why this goal is needed...
The increase in non-standard forms of employment since the 1990s is unprecedented and decreases job quality for workers.
More than half the jobs created since 1995 in the OECD's 34 member countries are non-standard: part-time, temporary or self-employment arrangements. These formats tend to offer less training and reduced job security.
Workers in non-standard arrangements often face substantial wage penalties relative to comparable standard workers.
For temporary employment, penalties can reach up to 30 percent.