The new OECD Jobs Strategy will also provide guidance to countries in translating its general recommendations into country-specific ones and provide assistance with implementing them
Developing country-specific recommendations requires identifying performance weaknesses while also taking account of a country’s specific economic and social circumstances and starting points in terms of existing policy and institutional settings.
Identifying broad performance weaknesses…
The OECD Jobs Strategy dashboard can be used to identify policy challenges based on relative performance (a given country’s performance on one outcome relative to other outcomes), with the illustrative procedure below selecting one challenge from each panel of the Dashboard.
Integrating the country-specific context
Once countries have identified their main broad performance weaknesses, countries’ specific challenges, institutional capacity and reform preferences need to be accounted for. This acknowledges not only that countries differ in terms of their starting points, but also that improving labour market performance is necessarily a gradual process and one that can take different forms in different countries. Policy priorities will reflect the performance gaps across policy objectives, but also a range of other country-specific factors that need to be factored in, including:
• Business cycle conditions
• Past reforms and sequencing
• The level of institutional capacity
• The degree of interventionism of social systems
• Demographic developments