Summary

"Best Practices Guidelines and Toolkit on Engaging the Private Sector in Skills Development”, jointly developed by UNDP IICPSD and Statistical, Economic and Social Research and Training Centre for Islamic Countries(SESRIC), will inspire, motivate and mobilize the private sector for its active engagement in skills training for employment.  The guidelines and toolkit will help stakeholders to collaborate more closely with companies, chambers of commerce and business associations. It outlines how the private sector could contribute to the employability of individuals through providing labour market signals, improving technical and practical skills acquisition, integrating industry know-how and expertise to every step of the trainings and help link skills to placement opportunities. These will ensure that disadvantaged youth, women and other marginalized groups are ready to enter the labour force with possessing the right skills they need to thrive.

The 2030 Agenda for Sustainable Development highlights the importance of skills and lifelong learning not only to make individuals competitive in the labour market but also to empower people. Sustainable Development Goal (SDG) 4 reminds us that inclusive, quality education is critical for human development. SDG 8 reminds us that decent work and economic growth can only be achieved through productive capacities. The relationship between skills and employability is fundamental to the success of the SDGs — from eradicating poverty to achieving gender equality to empowering women and girls.

Bridging the skills mismatch for greater employability will be a huge leap forward in achieving the SDGs. This publication guarantees to guide all stakeholders in the direction of improving the existing skills and reducing the skills mismatch for greater employability of the target groups. The Guidelines and Toolkit will complement existing UNDP work on sustainable employment and inclusive growth and augments the related efforts of other international organizations.