Social security is remodeling lives and shaping societies. The International Social Security Association (ISSA) is world’s leading organization for bringing together social security establishments, government agencies and departments around the world. Based on consultations from more than 280 government departments around the world and in line with the UN sustainable goals, ISSA reports the following ten major challenges faced by social security.
CLOSING THE COVERAGE GAP
National coverage gaps are being bridged, however necessary challenges stay. The challenge at the global level for policy manufacturers and social security administration is to more absolutely address the inequalities in access faced by explicit groups like an informal economy staff, rural workers, freelance staff and women. According to the report, around half of the world’s population has no access to social security.
INEQUALITIES ACROSS THE LIFE COURSE
Since 1980’s, there is an increase of 10% in income equality. Social transfer reduces the risk of inequality and poverty. Inequalities across the globe like financial gain, health, gender makes the society weak.
Population ageing is a rapidly increasing problem; by 2050, the number of individuals over sixty will be doubled to a pair of billion. The challenge is to ensure the financial property of social security system whereas they adapt to satisfy evolving wants and supply adequate levels of income security and services.
EMPLOYMENT OF YOUNG WORKERS
According to reports, youth are 40% of the worlds unemployed. Over two-fifths of the world’s young staff doesn’t have good jobs. Continued high, numbers of part-time or unemployed young staff act to limit economic activity and growth.
LABOUR MARKETS AND THE DIGITAL ECONOMY
As a result of the expansion of digital technology and automation around 7.1 million jobs area units are lost. The increasing digitalization and interconnectivity of our world is usually thought of solely in terms of technological developments that build our daily lives and jobs less complicated and safer but not in terms of unemployment and loss of jobs available.
HEALTH AND LONG-TERM CARE
The impact of non-communicable diseases like heart attacks, stoke and cancer cannot be underestimated and is the largest contributor for death and disabilities.
NEW RISKS, SHOCKS AND EXTREME EVENTS
Social security issues, natural disasters, communicable diseases, climate change are some of the main reasons of uncertain deaths. In the year 2015, there were 198 natural disasters, causing billions of lives and over 66.5 billion for the recovery.
PROTECTION OF MIGRANT WORKERS
The number of international migrants is growing and creating vital economic contribution, however only twenty percent of the migrant staff has full social protection. While women comprise around 1/2 international migrants there are vital gender variations by economic sectors, the standard and security of the work, levels of pay, exposure to health and safety risks, and the adequacy of social security protection.
THE TECHNOLOGICAL TRANSITION
The technological transition plays a strategic role in the implementation of social security programs. Forty seven percent of world’s total population is using internet. The major challenge is to ensure the standard and cost-effectiveness of information and communication technology-based social security systems.
HIGHER PUBLIC EXPECTATION
With the rise of social media for communication and information on matters of public interest, fast response is incredibly necessary to satisfy public belief. Higher digital channels can improve access to public services.