CedefopÕs European skills and jobs survey (ESJS) has revealed that about 45% of EU adult workers believe that their skills can either be better developed or utilised at work. European policy that mitigates skill mismatch can thus be conducive to raising productivity and improving worker well-being.
But better matching a countryÕs skill supply to the needs of its economy is a dynamic process that requires policies to increase education and training responsiveness to labour market needs. Mitigating skill mismatch in an era of fast-paced digitalisation and automation requires a well-developed skills anticipation infrastructure in countries and an integrative approach to skills governance.
Governance of skills anticipation and matching: Supporting EU countries
Addressing skill mismatch in countries cannot only rely on more and better tools of skill needs identification in labour markets; it requires an integrative approach to skills governance among key stakeholders, which can foster and sustain a virtuous feedback loop between labour market and education and training actors. Skills governance refers to the process of putting in place appropriate institutional structures (intermediary, formal or informal, skills bodies), operational processes (regulation, management, financial and non-financial incentives) and dissemination channels (online or offline platforms) that may facilitate stakeholder interaction and policy reaction based on reliable labour market information signals.