Job Market Monitor
Skills Mismatch
Global Skills Mismatch – Affects 1.3 billion people worldwide is imposing a 6% annual tax on the global economy
A skills mismatch that affects 1.3 billion people worldwide is imposing a 6% annual tax on the global economy in the form of lost labor productivity. Boston Consulting Group (BCG) explores this and other findings in its report titled Fixing the Global Skills Mismatch, which is being released today. According to the report, the skills … Continue reading
Skills and Productivity – Skills should be labour market relevant and skilled workers need to be matched with jobs
This paper analyses different dimensions of skills mismatch (notably ‘macro-economic skills mismatch ‘, ‘skills shortages ‘, and ‘on-the-job skills mismatch ‘) and their empirical relationship with labour productivity. Macro-economic skills mismatch arises when the skills distribution differs between the available workers and those that get hired. Skills shortages occur when employers encounter difficulties to fill … Continue reading
Skills Mismatch – The concept and its measurement
The issue of skills mismatches, in one form or another, is a continuing focus for debate. One of the problems, in addressing mismatch, is that there is confusion over the meaning of the terms involved; another is that the measurement of some of the forms of mismatch is problematic. The aim of this section is … Continue reading
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