‘Executive reflection’ can help in pursuit of UN sustainable development goals
This April coincides with the UN Sustainable Development Goal of Decent Work and Economic Growth and in light of this, Review contributor Jackie Arnold of Coach 4 Executives reflects on the power of Executive Reflection in tackling unemployment and low growth around the world.
This month the UN is looking to tackle the challenges and opportunities facing the world of work, including the green economy and modern slavery, as well as the need for financial investment in a sustainable future.
The UN calculated that while global unemployment has fallen from 6.4 per cent in 2000 to 5.6 per cent in 2017, 470 million new roles are required to meet the demand for work of entrants into the labour market between now and 2030.
The UN goal of Decent Work and Economic Growth states that: “Even though the average annual growth rate of real GDP per capita worldwide is increasing year on year, there are still many countries in the developing world that are decelerating in their growth rates and moving farther from the seven per cent growth rate target set for 2030.”
In addition, only 15 per cent of a study sample of leaders showed a consistent capacity to innovate and successfully transform their organisations. Only 30 per cent of CEO’s admit that they are confident that they have the talent needed to grow their businesses Key Trends in Human Capital Management.
Coach 4 Executives argue that the method of Executive Reflection can improve leaders capacities for cross-border cultural leadership and collaboration and therefore future sustainable growth.
Jackie Arnold of Coach 4 Executives said: “In order to lead the 65 million young unemployed people across the globe in a way that is both sustainable and achievable it is vital for the current leaders to understand and reflect on their own leadership style and understand different traditions, cultures and economies.
"According to the International Labour Organization, more than 340 million jobs need to be created by 2030, in addition to the 190 million jobs needed to address unemployment today. Of the nearly 200 million unemployed people today, almost 65 million are young. Even with work, 300 million people live in extreme poverty – on less than $1.90 a day.”
Elaine Patterson of Coach 4 Executives added: “More of the same is no longer enough.
"New and different ways of thinking, learning and relating are needed if we are to meet these global challenges."