Job Market Monitor
Skills
Firm Investments in Skills in UK – EU Referendum and the Financial Crisis made firms less likely to increase expenditure on worker training
Investments in both human and physical capital are key drivers of economic growth and productivity gains. The United Kingdom has had a turbulent recent history, being strongly affected by the Global Financial Crisis of 2008 and more recently voting to leave the European Union, its largest trading partner. We use firm-level survey data for the … Continue reading
COVID – Two-thirds of company leaders say their organizational cultures currently place a high or very high value on learning
In a new survey, leaders say the pandemic has alerted them to the urgency of getting learning programs right. Yet companies are falling short in delivering outcomes, and executives can do more to support capability-building efforts. Across the globe, company leaders report that the value of capability building has increased dramatically since the start of … Continue reading
Matching Skills Needs with Big Data – Multiple competing vendors, covering a range of countries with different languages, providing services commercially to universities and employers
In dynamic and rapidly changing labour markets, the identification of skills needs is an important challenge. Imbalances on the labour market, reflected by difficulties faced by businesses in sourcing the skills they need, high incidences of skills mismatch, and significant unemployment or underemployment especially among youth, are common to most countries, independently of their level … Continue reading
New Foundational Skills in Middle and High Schools – The educational opportunity gap is large and grows larger the more teachers value them
Labor market data and previously reported research confirm that the skills required of the modern workforce have changed. The New Foundational Skills of the modern economy include greater digital savvy, increased business acumen, and more versatile human and team- centered workplace competencies. These skills generate substantial salary premiums for the students and workers who master … Continue reading
Getting Britain Back to Work – The employment and skills response
Unemployment spiked sharply as a result of the coronavirus crisis and associated social distancing restrictions. During March and April 2020 around 2.5 million individuals made claims for Universal Credit, with claims running at seven times usual levels at the peak. The number of vacancies in the economy has fallen by three fifths, and it is … Continue reading
Employer Skills Survey in UK – Key findings across the ESS series (2015 – 2019)
The UK economy has seen sustained economic growth after emerging from the recession of the late 2000s, and this has continued since the last wave of Employer Skills Survey (ESS) in 2017. ONS data shows that at the second quarter of 2019, when ESS 2019 fieldwork began, job creation was at its highest level since … Continue reading
Skills Transferability Across Borders in Europe – The instruments
To allow easier recognition and evaluation of foreign qualifications across Member States, the European Qualifications Framework (EQF) for lifelong learning was adopted in 2008.It enhances the transparency, comparability and portability of qualifications within the EU. As such, it fosters trust in foreign qualifications during cross-border hiring processes. The EQF serves as a ‘translation grid’ between national … Continue reading
Skills – A Guide for workforce development practitioners
The purpose of this guide is to highlight the competencies that National Fund collaboratives need in order to embark on job quality work with employers. The key word here is collaboratives, not specifically “collaborative directors.” Ensuring that someone has (or is developing) the requisite skills and deploys those skills at the right time is key … Continue reading
Skills – Occupational credentials as an alternative path to marketable human capital
Occupational credentials provide an additional and at times alternative path to formal education for individuals to demonstrate to employers and consumers their ability and qualifications. These take the form of licenses and certifications. However, the literature on the returns to credentials is inadequate, with prior research having limited causal identification relying on OLS regressions which … Continue reading
Skills, Employers and Grads – Job posting data to complement existing labour market information systems
What skills do employers seek in graduates?Using online job posting data to support policy and practice in higher educationEmployers increasingly reach job seekers through online job postings, particularly for jobs requiring a higher education qualification. Job postings available online provide a rich source of real-time and detailed data on the qualifications and skills sought by … Continue reading
Future of Work – Leveraging human potential : The World Economic Forum’s Report 2020
The COVID-19 pandemic-induced lockdowns and related global recession of 2020 have created a highly uncertain outlook for the labour market and accelerated the arrival of the future of work. The Future of Jobs Report 2020 aims to shed light on: 1) the pandemic-related disruptions thus far in 2020, contextualized within a longer history of economic … Continue reading
Critical Thinking Skills – A development framework
The development of critical thinking as an essential skill in 21st-century learning is uncontested within educational and professional settings. The degree to which it is operationally defined, taught and assessed, however, is not well documented. This complicates efforts to develop critical thinking in learners, as well as devise intervention techniques and assessment tools. The ACER … Continue reading
Skills and Workforce Development in Ontario – 3 Promising development practices
In When Training Works: Promising workforce development practices, authors Metcalf Innovation Fellow Danielle Olsen and John MacLaughlin seek to deepen our understanding of how to connect job seekers to good jobs by illuminating the work of innovators – NPower Canada, Building Up, Elevate Plus Manufacturing, and ACCES Employment – who are leading the way in … Continue reading
National Skills Strategy in Germany – Ten objectives
In view of the challenges posed by structural and sectoral change in technical and economic terms, the German Federal Government has worked together with the social and economic partners, the Lander and the Federal Employment Agency, in consultation with academics and practitioners, to develop a National Skills Strategy (the Strategy) focusing on continuing vocational education … Continue reading
Skills and the Future of Work – Forecasts of extremely rapid change are not based on empirical record
In this paper, existing evidence on levels of job skill requirements is examined to provide an understanding of historical trends and current levels. It also provides a frame of reference for evaluating predictions regarding future changes in job skill requirements. High levels of inequality accompanied by changes in technology, employment relations, and the global division … Continue reading
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