Job Market Monitor
Skills
Skills-First Approaches – A comprehensive, multi-stakeholder strategy
Talent shortages in the tech sector pose significant challenges for firms, workers and governments, hindering productivity, innovation, job satisfaction and economic growth. To address these shortages, this report emphasises the importance of a comprehensive, multi-stakeholder strategy based on innovative policy actions. This includes adopting skills-first approaches to hiring, which prioritise specific skills over traditional qualifications, … Continue reading
Labour and Skills Shortage in EU – An index by CEDEFOP
Cedefop’s Labour and Skills Shortage Index (LSSI) aims to provide a standardised measure of occupational shortages that can inform decision-making regarding workforce and learning needs in the European Union. Three pillars are identified and measured as potential drivers of future labour shortages, namely demand, supply and supply–demand imbalances. Demand uses the estimated pressure exerted … Continue reading
AI Skills for Teachers – A competency framework from UNESCO
There are significant implications of artificial intelligence (AI) for education, teaching and learning, and for teachers’ roles and competencies. Indeed, AI can process vast amounts of information and text far beyond any human capacity and can produce new content across the range of symbolic representations of human thinking, identify patterns in data presented in various … Continue reading
Online Job Postings and Skills in Canada – Understanding the connection(s) between two skills
Understanding the relationships between skills gives us insights into the needs of the labour market and the complexities of understanding skill demands. This report demonstrates how online job postings serve as a valuable source of labour market information that can be used to better understand the relationships between skills and to highlight trends in skill … Continue reading
Skills – On-the-job training and continuing education have become just as important as post-secondary schooling
Colleges and vocational schools prepare young adults to enter the job market. But the learning process can’t stop there. With rapid-fire advances in technology bearing down on employers and their workers, on-the-job training and continuing education have become just as important as post-secondary schooling, if not more so. Even workers with advanced college degrees might … Continue reading
AI Experts – Their mobility is about 80% higher than that of other highly skilled workers
BCG’s Top Talent Tracker fills this gap by tracking the movement of close to 200 million highly skilled workers in real time, giving actionable feedback to policymakers and senior executives vying for such talent or eager to locate talent hot spots. Consider this: Of the close to 200 million highly skilled people who we are … Continue reading
Skills and Productivity in Canada – Skills shortages explain 7 per cent of the gap between U.S. and Canadian productivity
Skills shortages hamper Canada’s productivity growth. If there had been no skills shortages over the past 20 years, Canada’s GDP would be 1.8 per cent, or $49 billion, larger. Key findings • Skills shortages hamper productivity growth. We estimate Canada’s GDP would be up to 1.8 per cent, or $49 billion, larger today if there … Continue reading
Talent Mobility – Up to 800 million professionals around the world who may actively looking for job abroad
What a study of 150,000 people in 188 countries tells us about where people will move for work—and why. Where Do People Want to Go? In 2023, Australia, which has been steadily rising through the ranks since we initiated this series, finally topped the list of desirable country destinations. Why Do People Choose a Specific … Continue reading
Artificial intelligence (AI) and Skills – High-exposure occupations comprise a third of all vacancies in OECD countries in the sample
Artificial intelligence (AI) adoption by firms is changing how workers perform their jobs and how work is organised. This reorganisation of tasks will result in changing demand for skills. For example, firms will demand more workers with AI skills, i.e. workers with the knowledge and competencies to actively develop and maintain AI models. However, despite … Continue reading
Green Skills and Battery Workforce in US – DOE and DOL Announce a Battery Workforce Initiative National Guideline Standards
The U.S. Department of Energy (DOE), in coordination with the U.S. Department of Labor (DOL), today announced the release of the Battery Workforce Initiative (BWI)’s National Guideline Standards for registered apprenticeships for battery machine operators. The DOL-certified guidelines, created in partnership with battery manufacturers, community colleges, and unions, lay out rigorous training requirements to support … Continue reading
Skills Anticipation – Economies and societies need robust methods and trusted skills intelligence
Collecting data and information on labour market needs and skills trends is not sufficient to design and sustain responsive and efficient vocational education and training (VET) programmes and skills formation systems. Economies and societies need robust skill anticipation methods and trusted skills intelligence to translate data into actionable insights that support the skills revolution. This … Continue reading
Foundation Skills in Australia – Definitions
Foundation skills landscape There is clear consensus about the strong value of foundation skills. Multiple researchers have demonstrated the relationship between literacy and numeracy skills and positive outcomes for individuals, communities and the economy. A variety of terms have been used to describe foundation skills including core, generic, basic or enabling skills. Broadly speaking, they … Continue reading
Green Transition in EU – Climate policies will need to be accompanied by strong investments in skills policies
If countries are to achieve ambitious climate targets, climate policies will need to be accompanied by strong investments in skills policies. Skills policies, which comprise education and training policies targeted at both young people and adults, can play an essential role in ensuring that greening the economy does not lead to new forms of vulnerability. … Continue reading
Strategic Sectors in UK – How to situate a skills strategy in an economic strategy
Investing in human capital is a crucial aspect of building an economy that is both more productive and fairer, and any growth strategy must incorporate an agenda for increasing human capital and workforce skills within that. So how should we approach the task of developing a skills strategy that complements a broader economic strategy? In … Continue reading
Immigrants Skills and Needs Mismatch in US – Policy and program fail to account for important differences
One in every six adults in the United States is an immigrant. These immigrant adults contribute to the vitality of the U.S. economy and local communities, but at the same time often face barriers to their integration and economic mobility. These barriers include limited English proficiency, lower levels of formal education, persistent employment in low-wage … Continue reading
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