The OECD Skills and Work blog just released a new post by Priscilla Fialho on the Skills for Jobs Database. The post looks into the interesting insights provided by the database into how ongoing structural changes are associated with the emergence of skills imbalances and how skill gaps have evolved over time. The blog post is largely based on the Skills for Jobs Webtool and the full database.
Skill mismatches and shortages are pervasive in the Italian labour market. In light of the many skill challenges, the Italian Government recently launched a set of comprehensive reforms. However, a number of implementation challenges remain, which are discussed in the recently released OECD report Getting Skills Right: Italy.
Years after the start of the recession the situation of youth in the Italian labour market remains quite bleak. Nearly one in four young people in Italy are neither in employment, education, or training (NEETs) and many young people lack the right skills. Within this context, the government is introducing promising reforms to give young people a better start in the world of work.
The UK has enjoyed record-high employment levels in recent years and one of the lowest unemployment rates among OECD countries. However, labour productivity growth, which is closely linked to the use of skills, remains weak. As a result, the OECD’s Getting Skills Right: United Kingdom suggests that several actions should be taken to bring skill supply more in line with skill demand to help to boost growth, productivity and earnings.
South Africa has suffered from persistently high unemployment and low labour force participation rates. Moreover, country faces high qualification and field-of-study mismatch. Promoting skills development is a key priority in many of the South African government’s plans and strategies. As a result, the OECD suggests several policy recommendations and good practice examples from other countries in order to address those issues.
When it comes to labour and migration, global governance of almost any kind is missing. When it comes to labour, the International Labour Organization, which is the oldest among the institutions mentioned here, has little power and deals mostly with national labour rules.
The way businesses operate is rapidly changing. A strong online presence and tailored services are crucially important to their global development. Together with the emergence of the on-demand economy the traditional employment relationship is therefore being replaced by a diversity of more detached, agile and adaptable forms of employment.
The talk of the town this year has truly been the so-called fourth industrial revolution–and rightly so. Digitalisation causes an increasing interconnectivity of people, production and processes. Combined with the rapid development in artificial intelligence, self-learning machines and robot technology it heralds a new time of revolutionary technological progress.
Information and communication technologies (ICT) are changing profoundly the skill profile of jobs. To thrive in the digital economy, ICT skills will not be enough and other complementary skills will be needed, ranging from good literacy and numeracy skills through to the right socio-emotional skills to work collaboratively and flexibly.
An increasing number of middle-income countries are participating in projects measuring cognitive skills of the adult population. Large differences in skill levels exist between these countries, with some having a large skills gap compared to OECD countries. Skill differences not only reflect differences in educational attainment, as skill levels among adults with the same level of educational differ widely across countries.