Job Market Monitor
Skills
Skills development is key to more inclusive trade
Over recent decades, the global economy has experienced a profound transformation, mostly as a result of the joint forces of trade integration and technological progress, accompanied by important political changes. Increased trade integration has helped to drive economic growth in both high- and low-income economies, lifting millions out of poverty in emerging and developing countries. … Continue reading
Immigrants Literacy Skills – A gap equivalent to 3.5 years of schooling OECD finds
Immigrants have weaker literacy skills than native-born adults on average and the gap is the equivalent of 3.5 years of schooling. On average, about two-thirds of the difference in literacy proficiency between foreign- born and native-born adults is explained by how well immigrants have mastered the host country’s language and where they acquired their highest … Continue reading
Soft Skills – Policies aimed at reducing so-called “negative” non-cognitive or behavioral traits, however, could harm children in the long run
There is growing interest in how schools can shape children’s non-cognitive skills (sometimes known as behavioral traits, soft skills, or personality). One reason for this interest is that non-cognitive skills predict a wide range of economic outcomes, such as employment and lifetime earnings, but are also relatively malleable—at least until adulthood. This opens up a … Continue reading
Skills can help countries integrate into global markets and specialise in the most technologically advanced industries OECD says
The world has entered a new phase of globalisation over the past two decades that presents countries and workers with new challenges and opportunities. Helped by the rise of information technology, production has become globalised and fragmented along so‑called global value chains: workers across different countries now contribute to the design, production, marketing and sales … Continue reading
Skills and transition in Financial Services
[One of the transition in financial services] concerns the talent base and the kind of skills and capabilities needed. Historically, insurers have focused on backward-looking data, on actuarial science, on estimating future risk from past performance. If motor vehicles undergo massive change so that they don’t drive the same way and accidents are automatically prevented, … Continue reading
Higher Education in US – College majors that didn’t exist 5 years ago
As the work landscape changes, the educational landscape has to adapt as well. Just in time for graduation (which will likely bring a flood of resumes to recruiters’ inboxes), here are a few majors that probably didn’t exist when you were in college—and why they’re relevant to the growing workforce: 1. Robotics Engineering What: Bachelor of … Continue reading
Skills and Education – The global movement
Every country is at a different stage of evolution in its education development, and implementation of its education system varies not only according to substantive education issues but also according to national pressures and imperatives. Our interest in the Skills for a Changing World country-level work is on how the interdependent functions of curriculum, assessment, … Continue reading
Skills System in UK – From ‘inadequate’ to ‘outstanding’: making it a world class
The majority of people who will be working in 2030 are already in the workforce, and will be untouched by the current round of educational reforms. UK employers spend less on training than other major EU economies and less than the EU average. Participation in job-related adult learning has fallen significantly in recent years, leaving … Continue reading
High-skilled workers four times more likely to emigrate
Contrary to public perception, the migrant share of the world population has not changed substantially since the 1960s, with roughly 3 percent currently living in a country different from their country of birth. Global migration patterns, however, have become increasingly asymmetric as high-skilled migration has become a greater force globally. The international distribution of talent … Continue reading
Recognition Of Migrants Skills, Knowledge And Competence – The ambivalence of competence recognition systems
An adequate incorporation of migrants in the labour market, able to fully unleash their potential, is a major challenge for EU development. In this direction, the recognition of migrants skills, knowledge and competence acquired in formal and non/informal contexts represents a crucial issue. Based on a comparative research work conducted at European level, it considers both … Continue reading
The threat of technological obsolescence on skills in Europe
With between a quarter and two-fifths of jobs at high or medium risk of automation in OECD countries, it is expected that dynamically evolving technologies will render several of workers’ skills obsolete whilst placing a high premium on others. Indeed, Cedefop’s ESJ survey (Cedefop, 2015) revealed that about a quarter (26%) of adult employees in … Continue reading
Sector skills councils are increasingly seen as effective mechanisms to engage industry
Helping enterprises find workers with the right skills, and ensuring that workers acquire the skills they need to find productive employment, is a key to economic prosperity and building inclusive societies. Adopting a forward-looking perspective to improve the competiveness of a certain industry or sector and its future success by upgrading the skills of its … Continue reading
Workforce Development – Five principles
Almost 40 percent of American employers say they cannot find people with the skills they need, even for entry-level jobs. Almost 60 percent complain of lack of preparation, even for entry-level jobs. On the other hand, this “skills gap” represents a massive pool of untapped talent, and it has dire consequences, including economic underperformance, social … Continue reading
Talent Acquisition – Should become more intertwined with all the functions of the business
Talent acquisition executives predict “workplace flexibility” will be the top reason why candidates choose an employer five years from now. This flexibility goes well beyond workers’ hours and location, to the very nature of the employee-employer relationship. That is part of another shift in the talent landscape: the move from a full-time employee base to … Continue reading
Environment – The greening of economies will require a mix of macroeconomic, industrial, sectoral, labour market and skills policies
The greening of economies through public and private investments in the context of sustainable development and poverty eradication will require a mix of macroeconomic, industrial, sectoral, labour market and skills policies. These investments in the formal and informal sector will create and enable sustainable enterprises to prosper. Paying close attention to skills development for the transition to environmentally … Continue reading
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