Finding People - A Risk Management View of Hiring

Report 5 reframes hiring as a risk management challenge in today’s volatile labour markets. Employers increasingly rely on outdated proxies—degrees, certifications, and references—that fail to predict job performance, creating inefficiency, bias, and uncertainty. With only 20% of occupations supported by clear competency frameworks, most hiring remains ad hoc, excluding capable candidates and reinforcing inequities.

The solution is a Labour Market Passport: a dynamic, decentralized, open, and harmonized system for verifying competencies, experiences, and credentials. By providing transparent, real-time competency data, this model reduces hiring risks, improves equity, and strengthens productivity across the human capital ecosystem.

The full report will be released on October 27, 2025. In the meantime, please refer to the executive and audio summaries.