While Korea has seen strong economic growth and an impressive rise of skill levels over the past decades, further action is needed to improve the labour market relevance of education, remove barriers to employment and raise productivity levels in Korea, according to a new OECD report.
Improving school-to-work transitions and ensuring better career opportunities for youth after labour market entrance are common goals in emerging and advanced economies as they can contribute to raising the productive potential of the economy and to increasing social cohesion. However, the challenges faced in achieving these objectives and the policies required vary between emerging and advanced economies.
Agreeing on skill needs is fundamental to develop a coherent response to skills imbalances. This can only be achieved if information is disseminated to all stakeholders in a pro-active way. For this, in turn, there is the need for the developers of skills anticipation exercises to engage their audience more effectively
Encouraging more people to continue to work later in life would help Denmark meet the challenges of its rapidly ageing population. The ratio of the population aged 65 and over to the working-age population is projected to increase from 30% in 2012 to 43% in 2050, according to a new OECD report.
Raising productivity growth is highly dependent on a country’s ability to innovate and adopt technologies, which requires an effective supply of human capital
OECD employment rate stable at 66.1% in the second quarter of 2015
In 2010, the G20 called for the development of a set of internationally comparable indicators of skills for employment and productivity for Low-Income Countries (LIC) as part of its Multi-Year Action Plan on Development. To respond to this call, the OECD has established the World Indicators of Skills for Employment (WISE) database in close collaboration with the World Bank, ETF, ILO and UNESCO
Austria needs to do more to help people with mental health problems find a job or stay in the workplace, according to a new OECD report. A more comprehensive approach would help employees and firms alike: mental health issues are estimated to cost the Austrian economy around 3.6% of GDP every year in lost productivity, health care and out-of-work benefits.
The fact remains that robots have persistently failed to imitate the most human of skills, such empathy, teamwork, relationship building, etc. While technology may be reducing the demand for some routine skills, it is simultaneously increasing the demand for more difficult-to-automate social skills.
Why are workers mismatched in the first place? Many, if not most, students choose a field of study based on what they want to become and do to earn a living. Yet almost four in ten workers end up doing something unrelated. This is sometimes by choice but not always.