Measuring Skills Demanded by Employers : Skills Toward Employment and Productivity (STEP)
Economic growth depends on skills being put to productive use. In recent years, research on labor outcomes and education shows that there is a substantial mismatch between the supply and demand for skills around the world (Cappelli, 2014: McIntosh...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/210071526072991842/Measuring-skills-demanded-by-employers-skills-toward-employment-and-productivity-STEP http://hdl.handle.net/10986/29816 |
| Summary: | Economic growth depends on skills being
put to productive use. In recent years, research on labor
outcomes and education shows that there is a substantial
mismatch between the supply and demand for skills around the
world (Cappelli, 2014: McIntosh and Vignoles, 2001). This
mismatch affects more than just wages or individual job
satisfaction. Skills mismatches have an impact on
productivity and growth at both the firm level and the
macro-economic level (Quintini, 2014). Reports show that
firms around the world consider skills challenges to be an
impediment to the operation and development of their
business. A cause for further concern is that this
constraint seems to be disproportionately affecting the more
dynamic and innovative employers, signifying a potentially
negative impact on job creation and technological progress
(World Bank, 2012). |
|---|