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Korea : improving the re-employment prospects of displaced workers.

Publisher: [Paris] : OECD, 2013.
Series: Back to Work
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
In Korea's dynamic labour market, job displacement (involuntary job loss due to firm closure or downsizing) affects many workers over the course of their working lives. Some workers are more vulnerable than others to this risk and may face long periods of unemployment/inactivity after displacement, particularly if their skills are not well-matched to emerging job opportunities. Even when they find new jobs,  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Organization For Economic Cooperation And Development.
Korea.
[S.l.] : Oecd, 2013
(OCoLC)829387165
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
ISBN: 9789264189225 926418922X
OCLC Number: 849948583
Description: 1 online resource (102 pages) : illustrations.
Contents: Foreword --
Acronyms and abbreviations --
Executive summary --
Job displacement and its consequences --
Income support for displaced workers --
Helping displaced workers back into jobs.
Series Title: Back to Work

Abstract:

In Korea's dynamic labour market, job displacement (involuntary job loss due to firm closure or downsizing) affects many workers over the course of their working lives. Some workers are more vulnerable than others to this risk and may face long periods of unemployment/inactivity after displacement, particularly if their skills are not well-matched to emerging job opportunities. Even when they find new jobs, displaced workers tend to be paid less, have fewer benefits and are more likely to be overskilled than in the jobs they held prior to displacement. Helping displaced workers get back into good jobs quickly should be a key goal of labour market policy. To achieve this goal, Korea needs to increase resources devoted to re-employment programmes, such as job-search training and job matching, to improve their performance and better target those who need the most help. Existing training programmes need to be revised to ensure that people are obtaining skills that will help them find work. The social safety net also needs to be strengthened to lower the personal and societal costs of displacement, notably by improving the coverage of unemployment benefits.

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