The what and why of Skills Forecasts
In a context of dynamic and complex labour markets, matching the right workers and skills with the right jobs becomes increasingly difficult. Skills forecasting is one way to identify future imbalances between labour supply and demand. Sometimes called ‘labour market forecasting’ or ‘employment forecasts’, this methodology aims to make predictions about future imbalances in supply and demand by producing a comprehensive picture of future labour market developments in terms of economic sectors, occupations, qualifications and skills.
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Conducting a skills forecast is about estimating future labour supply and demand by occupations and qualifications. With this mini module you will gain a clear understanding of what a forecast is.
Duration: 20 minutes.
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- Summary: https://www.etf.europa.eu/en/publications-and-resources/publications/skills-forecasts-matching-right-workers-and-skills-right
- Guide 'Developing skills foresights, scenarios and forecasts - Guide to anticipating and matching skills and jobs Vol. 2'.
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