Job Market Monitor
Skills
Education Abroad – Leads to Significant Gains in 11 of 15 critical 21st Century Workplace Skills
IIE today announced a new study that demonstrates links between international educational experience and the critical skills needed for employment in today’s workforce. The study shows that studying abroad for longer periods of time has a high impact on subsequent job offers and career advancement as well as the development of foreign language and communication … Continue reading
The Future of Work – Jobs matter and labour markets do not stand still
Jobs matter. For almost all of us, they are more than a source of income, extending to the provision of opportunities for social interaction; a source of self-esteem; or a feeling of contribution to a profession or community. From an economy-wide viewpoint, growing employment rates and higher labour market participation are primary sources of improved … Continue reading
The Future of Work – A false alarmism that contributes to a culture of risk aversion and holds back technology adoption
In this study we use a novel and comprehensive method to map out how employment is likely to change, and the implications for skills. We show both what we can expect, and where we should be uncertain. We also show likely dynamics in different parts of the labour market — from sectors like food and … Continue reading
Skills – The Great Recession drastically changed what employers want
The employment shift from occupations that require mid-level skills toward those at the high and low ends is one of the most important trends in the U.S. labor market over the past 30 years. Previous research has suggested that a primary driver of this job polarization is something called routine-biased technological change (RBTC), an unfortunate … Continue reading
Future of Work – Future Skills by the Australian Industry Skills Committee
The Australian Industry Skills Committee (AISC) commissioned the Future Skills and Training Resource to gather and analyse data on Australian and international megatrends, their potential impact on Australia’s future workforce and the implications for vocational education and training. It complements existing data sources and Industry Reference Committee (IRC) intelligence. It is a practical resource intended to … Continue reading
Digital Skills – Effective use of ICTs in life and for work requires adequate skills OECD says
Effective use of ICTs in life and for work requires more specialist and generic skills in ICTs complemented by better foundational skills. “IT staff” ranks second among the top ten jobs that employers have difficulties filling, notably in services, although shortages of ICT specialist skills seem limited to only a few countries, at least in … Continue reading
Skills in UK – 94% of employers say that life skills are at least as important as academic results research finds
Schools’ main focus is on developing children’s core academic knowledge and skills in literacy, numeracy, and range of curriculum subjects. But there are other skills that are increasingly seen as important to children’s wider development: ‘essential life skills’ such as confidence, social skills, self-control, motivation, and resilience. These are the attitudes, skills and behaviours that … Continue reading
Individuals have to take more responsibility themselves looking after their skills
“One of the important things to bear in mind looking to the future is that individuals have to take more responsibility themselves looking after their skills and upgrading them.” John P. Martin Former OECD Director for Employment and renowned labour market expert John P. Martin has studied and compared labour market strategies worldwide. He told Cedefop’s policy … Continue reading
European Round Table of Industrialists – Building and transforming skills for a digital world
The ongoing digitisation of society and business enables new ways of living, producing and consuming. Some speak of a Fourth Industrial Revolution as new technologies disrupt current business models and offer opportunities. To remain competitive in this global digital market and to maintain our overall welfare, European industry is shaping and converting to this new … Continue reading
HR – CEOs’ selected strategies for meeting the Human Capital challenge
CEOs know that meeting their most urgent business growth challenges is inextricably linked to the strength of their human capital base. Effective use of human capital resources remains a critical issue for our respondents, and their strategies to improve productivity center on developing talent from within, improving leadership skills and pipeline, and building a performance … Continue reading
Portugal – Raising skills remains a priority and lifelong learning activities should focus more on the low skilled OECD says
Despite significant progress made, improving skills remains one of Portugal’s key challenges for raising growth, living standards and well-being. Upskilling the adult population remains a priority and lifelong learning activities should focus more on the low skilled. While active labour market policies have increased their training content in recent years, spending per unemployed is still … Continue reading
Income inequality in Germany – A rapid increase in the skill premium for young medium- skilled workers
The rise in inequality in many OECD countries over the last decades has triggered a rich body of academic work. Scholars agree in general that recent changes in inequality are mainly driven by inequality of labor incomes which in turn are closely related to skill premiums. In this paper, we ask whether skill-biased technological change … Continue reading
Skills Gap – Measuring skills mismatch
Skills supply (skills possessed by the labour force) and skills demand (skills demanded by employers) are central concepts in the economic analysis of employment structure and dynamics. The interaction between supply and demand has in turn led analysts to look into another dimension, skills mismatch — a concept that is rapidly gaining in importance for … Continue reading
Non-Cognitive Skills – University education has significant effects study finds
Recently, a public debate has emerged on whether universities teach the right skill-sets that prepare students for a continuously changing and globally expanding labor market. Various articles from leading scholars and journalists emphasize that university education falls short of teaching students creativity, socioemotional skills, attributes of ownership, and the ability to learn on the fly. … Continue reading
The Future of Work – The skills that will count
For young people today, what’s clear is that they’re going to need to continue to learn throughout their lifetime. The idea that you get an education when you’re young and then you stop and you go and work for 40 or 50 years with that educational training and that’s it—that’s over. All of us are … Continue reading
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