Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptx

Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024

1. Beyond degrees Empowering the workforce in the context of Skills First Iván Bornacelly OECD Centre for Skills 12 June 2024

2. From qualifications to skills, three stylised facts: Skills shortages Alternative ways of training Focus on Skills The percentage of employers experiencing difficulties filling job vacancies went from 39% to 74% in OECD countries in the last decade In EU countries, participation in non-formal and informal learning reached 41% and 60% in 2022, respectively. Employers are transitioning towards implementing skill-based hiring approaches, In the US, the number of OJPs with no degree requirements in 2022 was 5X higher than in 2014 2 Sources: Manpower (2024), Global talent shortage; Adult Education Survey (2022); Sigelman , M., Fuller, J., Martin, A. (2024). Skills-Based Hiring: The Long Road from Pronouncements to Practice. Published by Burning Glass Institute

3. 3 A project to understand, analyse and explore skills-first approach Understand the skills-first approach in the labour market Analyse the effect of skills signalling Outline key strategies and police implemented by stakeholders to foster and enable skills signalling

4. Who can potentially benefit from skills-first approaches? Proportion of potential beneficiaries by sociodemographic characteristics in (EU average) Note: This figure includes (1) workers with upper secondary education o less who are looking for another job; (2) Jobseekers with upper secondary education or less, and (3) Individuals out of the labour force with upper secondary education or less who stop seeking for jobs due to lack of suitable jobs. The category ‘upper secondary education or less’ excludes individuals with vocational upper secondary education. Source: LFS 2022 for EU countries. On average EU countries, relaxing degree requirements could benefit 23% of the workforce: (1) by improving job matching and employability by 20% ; and (2) by including individuals who are outside of the labour force due to unsuitable job availability in 3% EU average, 23%

5. NODO offers flexible, stackable credentials catered to students keen to break into tech and AI industries. It blends hands-on learning and specific course subjects with initiatives to connect graduates with prospective employers Europass , or the European Digital Credentials, are statements issued by an organisation to a learner, documenting their skills. Issued on the Europass platform, they validate and certify individuals’ skills. Making learning opportunities more flexible and tailored to diverse learners Promoting skill signalling in the labour market through facilitating communication and validating skills Seeks to expand economic opportunities for individuals who have gained skills through non-traditional paths by promoting partnerships with employers Reaching underrepresented groups via the skills-first approach. Strategies to create a more adaptable and inclusive workforce through skills-first approach 5

6. Beyond degrees Empowering the workforce in the context of Skills First Iván Bornacelly OECD Centre for Skills [email protected] 12 June 2024