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> Skills mismatches call for greater alignment between education and the labour market with about one-third of workers in OECD countries being overqualified or
by ricokatayama 2y ago
> Skills mismatches call for greater alignment between education and the labour market
with about one-third of workers in OECD countries being overqualified or underqualified for their positions, the misalignment has economic and social implications, particularly for overqualified individuals.
The question here is how to align educational actions with market demands. Skills alignment is only possible at a very granular level, and mass initiatives fail to meet this need. Companies lack the tools to understand people on a very deep level. This is my current obsession.
- MichaelZuo 2y agoYou mean undercertified or overcertified? No amount of formal education can guarantee whether someone’s genuinely qualified to handle a certain position or not.
- ricokatayama 2y agoAccording to the study, for those who are overqualified
- datadrivenangel 2y agoAnd mass initiatives (like university degrees) are created fastest for the strongest signals -- the loudest hype -- and thus tends to overproduce new people just as demand dies. What are your thoughts on how we can help improve this alignment?
- ricokatayama 2y agoHey pal, indeed, these anomalies occur mainly due to a lack of signals coming from the hiring market itself. Formation initiatives (and even people’s interests) always lag behind what the market is ready to absorb. I've been talking to the entire market about skill management and I’ve noticed how flawed our methods for visualizing individual skillsets are. It’s impossible to consider upskilling and reskilling this way. When demand arises, the only possible solution is firing and hiring. This alignment will only occur when the demand provides a granular, specific, and clear indication of the skill gap.
- analognoise 2y agoShouldn’t we be aiming for as broad and as deep an educational capability spread as we can possibly manage, regardless of the market? I can’t imagine it would be good to have 1/5 of adults lacking in these skills even if it did align with some market demand, for example.
- ricokatayama 2y agoSorry for the delay. The problem is that ‘as broad and as deep’ works if we think in terms of a mass operation, but not for an individual. For an individual, these are competing strategies. I’m not advocating against a broad education, but at the same time, if the job market can’t truly see each person’s skillset, we’ll always have a mismatch.