In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000. What Are the Trends in Household Income and Income Inequality? According to the agency’s estimates, average household income before transfers … Continue reading
How can organizations meet the needs of today and prepare the workforce of the future? One solution is to develop a high quality internship program. This booklet will assist you in doing just that. What Is An Internship? “An academic internship is a form of experiential education that integrates knowledge and theory learned in the … Continue reading
Vocational education and training (VET) is a major policy topic for countries all over the world, who are eager to learn from the best examples where participation in VET is high and youth unemployment is low. Policymakers want to know how strong VET systems manage challenges like rapid technological change, matching labor market demand for … Continue reading
The Programme for the International Assessment of Adult Competencies (PIAAC) conducted under the auspices of the Organisation for Economic Co-operation and Development (OECD) provides internationally comparable measures of three skills that are essential to processing information: literacy, numeracy, and problem solving in technology-rich environments (referred to in this report as PS-TRE). The OECD’s analysis of … Continue reading
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Recent years have seen a push in the U.S. and in a number of European countries, including the U.K. and Germany, for governments to adopt `point systems’ for screening prospective immigrants on human capital criteria. The appeal of a `points system’ reflects not only concerns about the potential adverse effects of unskilled migrant flows on … Continue reading
A large and active empirical literature has asserted that informal hiring channels can provide firms with information about worker qualities. Informal hiring channels mitigate the inherent uncertainty faced by recruiting firms and thus reduce firm-level hiring costs. But the existence of informal hiring channels may also dampen aggregate labor market fluctuations if recessions provide firms … Continue reading
We [The Careers & Enterprise Company] have partnered with the CBI to undertake research to better understand how employers engage with schools. From this research we have produced this practical guide for employers who want to engage with schools together with a compendium of case studies from businesses. The guide is broken down into four … Continue reading
For nearly two decades, the growth of nonemployer firms, or firms that have no employees and mostly constitute incorporated self-employed freelancers (workers in the “gig economy”), has consistently outpaced traditional payroll growth, as is visible here: Overall, nonemployer firms have grown by 2.6 percent a year, while payroll employment has grown by only 0.8 percent … Continue reading
There are important intergenerational differences behind aggregate shifts away from manual jobs towards cognitive jobs, and away from routine work towards non-routine work. We study these age and cohort patterns in tasks and skills in European countries. Changes in the task composition were happening much faster among workers born in the 1970s and 1980s than … Continue reading
This OECD Learning Framework 2030 offers a vision and some underpinning principles for the future of education systems. It is about orientation, not prescription. The learning framework has been co-created for the OECD Education 2030 project by government representatives and a growing community of partners, including thought leaders, experts, school networks, school leaders, teachers, students … Continue reading
Graduate recruitment and selection differs from other contexts in that graduate applicants generally lack job-related experience. Recent research has highlighted that employers are placing increasing value on graduates being work ready. Work readiness is believed to be indicative of graduate potential in terms of long term job performance and career advancement. A review of the … Continue reading
Work readiness is a relatively new concept which has emerged in the literature as a selection criterion for predicting graduate potential. Its definition and validity however, is contentious. To address this issue, the current study aimed to identify the attributes and characteristics that comprise work readiness and develop a scale to assess graduate work readiness. … Continue reading
As vexations flowing from record high net overseas migration mount, supporters of the permanent entry program have had to dig deeper to defend it. These supporters include the Treasury and the Reserve Bank as well as business and property interests. They say that any major cut to the migration program would put in jeopardy Australia’s … Continue reading
The shortage of digital skills in the current marketplace is unprecedented. It is estimated that over 4.4 million IT jobs will be created around Big Data by 2015; however, only a third of these new jobs will be filled. Martha Lane Fox, the UK’s digital inclusion champion, believes over 16 million people in the UK … Continue reading