Skip to main navigation menu Skip to main content Skip to site footer
##common.pageHeaderLogo.altText##

2020: Theoretical and Methodological Approaches to the Formation of a Modern System of National and International Enterprises, Organizations and Institutions' Development (2nd edition)

Skills and qualifications mismatch phenomenon: focus on human capital in the global measurement

DOI
https://doi.org/10.36074/tmafmseoid.ed-2.13
Published
2021-12-22

Abstract

The article examines the essence and significance of the phenomenon of mismatch in skills and qualifications as a generalizing concept that combines all types of gaps and imbalances in skills and qualifications. Different types of this mismatch are considered. The factors that determine the spread of this phenomenon have been identified. The danger of widening the gaps in qualifications and skills, which manifests itself in the negative impact on the formation of qualitative characteristics of human capital and causes inefficiency in the use of its potential is substantiated. Through the prism of human capital, potential threats and global challenges caused by skills mismatches and their implications for society, employers and employees have been identified. Based on the analysis of increasing mismatch in skills and qualifications of workers, the formation of current trends in the global labor market has been examined; and these trends are: the existence of the so-called "post-pandemic hiking workers freezing syndrome" as an imbalance between supply and demand for jobs provoked by the COVID-19 pandemic; deepening the mismatch between the level of working people education and the jobs they occupy, indicating a significant global gap between education and employment. Possible ways to overcome skills and qualifications mismatches include strengthening the role of employers in deciding this issue and using the Future Skills Architect practical set of instruments, where the key indicator is the country's maturity index (FSA), which will enable governments of countries to form sets of quality solutions in the struggle for human capital.

References

  1. REFERENCES:
  2. The Future of Jobs Report (2020). Retrieved from: https://www.weforum.org/reports/the-future-of-jobs-report-2020.
  3. Governments Must Fix the Skills Mismatch for a Post-COVID World (2020). Retrieved from https://www.bcg.com/publications/2020/governments-must-fix-skill-mismatch-post-covid.
  4. Skills mismatch in Europe: Statistics Brief . (2014). International Labor Office, Department of Statistics. – Geneva: ILO. ISBN: 9789221290445 (webpdf).
  5. Skills mismatch measurement in ETF partner countries. European Training Foundation (2019). Retrieved from: https:// www.etf.europa.eu/en/publications-andresources/ publications/skills-mismatch-measurement-etf-partner-countries.
  6. Perry, A., Wiederhold, S., & Ackermann-Piek, D. (2014). How Can Skill Mismatch be Measured? New Approaches with PIAAC. https://doi.org/10.12758/mda.2014.006.
  7. Brun-Schammé, A. and Rey, M. (2021). A new approach to skills mismatch. OECD Productivity Working Papers, OECD Publishing, Paris.
  8. Better hiring practices: avoiding skills mismatch. (2021). Retrieved from: https://www.testgorilla.com/blog/avoiding-skills-mismatch.
  9. Strietska-Ilina, O. (2017). Skills and jobs mismatch. ILO findings from global research: presentation. - International seminar “Skills mismatch and anticipation of skills needs Methodologies and experiences”. 21–22 November, 2017. Bogota. Retrieved from:
  10. https://www.oitcinterfor.org/sites/default/files/Olga_Strieska_skillsandjobsmismatch_0.pdf.
  11. What i s s kills m ismatch a nd w hy s hould we c ar? ( 2020). Retrieved from: https://www.ilo.org/skills/Whatsnew/WCMS_740388/lang--en/index.htm.
  12. Skills Mismatches - An Impediment to the Competitiveness of EU Businesses. - European Economic and Social Committee. (2018). (webpdf).
  13. Mission Talent – Mass uniqueness: A global challenge for one billion workers. BCG. (2019). (webpdf).
  14. Shcho rozumiietsia pid terminom «nevidpovidnist pratsivnyka vykonuvanii roboti» yak pidstavoiu zvilnennia pratsivnyka z initsiatyvy robotodavtsia ta yakym chynom taka nevidpovidnist ustanovliuietsia?[ What is meant by the term "employee's incompatibility
  15. with the work performed" as the basis for dismissal of the employee at the initiative of the employer and how such non-compliance is established?]. Retrieved from: https://dsp.gov.ua/faq/shcho-rozumiietsia-pid-terminom-nevidpovidnist-pratsivnykavykonuvanii-
  16. roboti-iak-pidstavoiu-zvilnennia-pratsivnyka-z-initsiatyvy-robotodavtsia-taiakym- chynom-taka-nevidpovidnist-ustanovliuietsia/. [In Ukrainian]
  17. Survey, R.H. (2011). Executives Say Poor Skills Fit Most Common Reason New Hires Don't Work Out. Retrieved from: https://www.prnewswire.com/news-releases/robert-halfsurvey- executives-say-poor-skills-fit-most-common-reason-new-hires-dont-work-out- 130770988.html.
  18. Nearly Three in Four Employers Affected by a Bad Hire, According to a Recent CareerBuilder Survey. (2017). Press Releases. Retrieved from: https://press.careerbuilder.com/2017-12-07-Nearly-Three-in-Four-Employers-Affectedby- a-Bad-Hire-According-to-a-Recent-CareerBuilder-Survey.
  19. Mann, E. (2019). Levesque Understanding the skills gap ̶ and what employers can do about it. Retrieved from: https://www.brookings.edu/research/understanding-the-skillsgap- and-what-employers-can-do-about-it/.
  20. Chastney, R. (2020). What is the skills gap, and what can I do about it? Retrieved from: https://www.futurelearn.com/info/blog/what-is-the-skills-gap.
  21. Pollak, J. (2021) The Most Regretted College Majors – and the Least. ZipRecruiter Blog. Retrieved from: https://www.ziprecruiter.com/blog/the-most-regretted-college-majors/.
  22. Global Employability Survey and Ranking 2020: Selected Results of the Survey. (2020). Retrieved from: https://emerging.fr/assets/files/GEURS2020_ Key%20Survey%20Results.pdf.
  23. Dnem s ognem: rabotodateli otchajalis' najti novyh sotrudnikov. Pandemija sprovocirovala na rynke truda ogromnyj vsplesk vakansij. No nikto ne toropitsja ih zanimat'. [In the afternoon with fire: employers are desperate to find new employees. The pandemic has
  24. triggered a huge surge in job vacancies in the labor market. But no one is in a hurry to occupy them]. Retrieved from https://ideanomics.ru/articles/25126?fbclid=IwAR1VecMzc1d_ U62NMY2500-JePa1qEUGdEPU8KIGoutvLvwcoOGh7AzG5c. (In Russian)
  25. Only half of workers worldwide hold jobs corresponding to their level of education. (2021). Retrieved from: https: https://ilostat.ilo.org/only-half-of-workers-worldwide-hold-jobscorresponding- to-their-level-of-education/.