JobsAware is building an ecosystem that brings together the voices of worker, business and government to develop smarter regulation.
The UK labour market needs smarter regulation
The benefits…
Fair baseline standards Regulation that balances the needs of workers and businesses, promoting fair treatment & fair competition.
Sustainable economic growth Regulation that helps provide a level playing field by incentivising good business practice.
Being responsive to risk Regulation that is developed through understanding risks in the labour market and can adapt to changes in risk.
Cost-effective targeting of bad actors Regulation that encourages self-policing, enabling enforcement to identify and tackle non-compliance.
High awareness of rights & responsibilities Regulation that is communicated clearly, helping individuals and businesses know what it means for them.
The principles behind Collective Regulation
The benefits…
Balancing the needs of market participants Regulation supports economic growth by safeguarding fair treatment for workers and fair competition for businesses.
Co-designing proportionate responses to market risks Regulation is well balanced when controls are co-designed with businesses, workers and government in response to market risks.
Monitoring and responding to change Regulation needs to keep pace with shifts in technology and culture, requiring a dynamic understanding of how risks change and evolve.
Being responsive to risk Regulation is most effective when market participants fully understand their rights and responsibilities.
The framework serves as a basis for documenting now Collective Regulation works, which is then iterated on using learnings through pilot studies and working with ecosystem partners.
By working with multiple sectors of the labour market that are experiencing different problems, we seek to learn how Collective Regulation can best work for market participants.
A joined-up approach like Collective Regulation requires the involvement of organisations that represent the three voices and possess capabilities from research to risk management.
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