Job Market Monitor
Report
Digital Literacy Skills Framework in Australia – Key Features
Key Features of the Digital Literacy Skills Framework The Digital Literacy Skills Framework describes the core skill across three interactive dimensions: • four levels of performance: Pre Level 1 Stage A and Stage B; Level 1; Level 2; Level 3 • four Performance Variables that may influence a person’s performance at any time: Support, Context, … Continue reading
COVID, Reskilling and Upskilling – 42% of companies stepped up their investment while 42% of employees have pursued training on their own after the coronavirus outbreak
Employee reskilling and upskilling training is in the spotlight. Learn how and why companies reskill and upskill their workforce and what employees think. In late 2019, the World Economic Forum issued an alert. Lack of skills was keeping CEOs awake at night. The only way to bridge the skills gap is through upskilling or reskilling … Continue reading
Covid and High School and Postsecondary Graduates in Canada – They could lose $25,000 or more over the next 5 years
Graduates could lose $25,000 or more over the next 5 years if the labour market does not improve soon If the youth unemployment remains close to its June rate of 27.5% for the remainder of the year, this year’s graduates could lose $25,000 or more during the next 5 years compared to what previous graduates … Continue reading
Working from Home in UK – Major contributors include technological advancements and the world’s ageing population
The coronavirus outbreak has thrown a sharp spotlight on homeworking, as many organisations and their employees turn to this as a way to maintain operations at this time. Current circumstances aside, enabling employees to work from home has many benefits. As a key component of flexible working, it helps organisations attract top talent, increase diversity … Continue reading
Skills – Integrating competencies in postsecondary education and training
Although employers may require degrees, these credentials may not be the best signal of skills for hiring qualified workers. And students may not see investing in years of postsecondary education as cost-effective. Using competencies to communicate skills could facilitate smarter hiring practices and create a more flexible, lower-cost education system of shorter-term credentials that are … Continue reading
Recovery – Upskilling and reskilling remote workers
Embracing remote working poses serious early-stage challenges for organizations, across the operating-model dimensions of people, structure, process, and technology and leaders have an essential role to play in developing solutions to tackle these challenges in the short term (Exhibit 1). Our recent findings show that although 87 percent of executives said they were experiencing skill gaps … Continue reading
New Pathways to Success – The most disadvantaged children and young people are less likely to receive the education and develop the skills they need to adapt and prosper
Around the world, young people face considerable challenges. Even before the disruption of the Covid-19 crisis, policymakers were seeking to respond to rapid technological advances, climate change and – in some countries – an ageing population and workforce. While children and young people worldwide generally have high aspirations and ambitions for their futures, evidence shows … Continue reading
Going Green in UK – Highly-polluting industries employ 45 per cent of the workforce
To tackle the climate crisis, the UK Government has set a target of net-zero greenhouse gases by 2050. To achieve this target, a major transformation is required to prepare sectors and workers for the green economy. This report analyses the scale of the challenge and considers how sectors can adapt to avoid unemployment through the … Continue reading
Digital Skills for Data-Intensive Science – A need for both digitally skilled researchers, who have a common set of foundational digital skills coupled with domain-specific specialised skills
As we move into a new era of data-intensive science, expectations are high. Big data analysis and access to new forms of data are already providing important and novel scientific insights and driving innovation. As the ability to combine and analyse data from different domains increases, complex societal challenges, including those embedded in the United … Continue reading
Validation of Non-Formal and Informal Learning in Europe – There are significant differences in the use of validation between the education and training area and the labour market
Validation of non-formal and informal learning is defined as ‘a process of confirmation by an authorised body that an individual has acquired learning outcomes measured against a relevant standard’. The analysis examines the degree of development experienced in relation to the 11 principles set out in the Council recommendation on validation. It is important to … Continue reading
COVID and Public Employment Services (PES) – Need to be agile, quickly adapt to the new situation and adjust their response frequently and flexibly to respond to unpredictable developments
Strengthening labour market resilience also requires stronger institutional capacity to scale up key measures quickly, while maintaining service quality. This implies that when a crisis hit, the policy infrastructure should already be in place and can be scaled up quickly. Evidence suggests that implementation and delivery failures during the COVID-19 crisis were more common where … Continue reading
Basic Income in Canada – A guaranteed 18 329 $ would cost up to $96.4 billion in 6 months, excluding behavioral reactions
A parliamentarian requested that the PBO estimate the cost of a guaranteed basic income (GBI) program to ensure all Canadians between 18 and 64 have income of at least 75% of the Low-Income Measure (LIM; $24,439 for an individual and $34,562 for a couple) for the last six months of the fiscal year 2020-21. The … Continue reading
Automation in Canada – 10.6% of workers were at high risk in 2016, while 29.1% were at moderate risk
The recent development of several artificial intelligence applications—such as driverless vehicles, robo-writers and computer-aided medical diagnostics—has led to concerns about the role of human workers in the future workforce. The COVID-19 pandemic has added to these concerns, as businesses may turn to new artificial intelligence technologies to perform work activities not traditionally regarded as automatable, … Continue reading
Covid and OECD Economic Outlook for Canada – Annual output is projected to shrink by 9.4% in 2020
Annual output is projected to shrink by 9.4% in 2020 in the event of a second virus outbreak and related shutdown, and by 8% if recovery is uninterrupted. The rebound will not be dynamic enough for output to attain pre-COVID-19 levels by the end of 2021 under either scenario. Similarly, the rate of unemployment will … Continue reading
COVID and TVET Systems – Can play a critical role in the different stages
This note focuses on the role of Technical and Vocational Education and Training (TVET) in the response to the COVID-19 pandemic. It provides guidance on reducing the adverse impact of the pandemic on TVET provision and enhancing the contribution TVET can make to mitigating the health, social, and economic impact of COVID-19. Main messages: 1. … Continue reading
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