Print Friendly, PDF & Email

ILO and OECD to measure and monitor the global skills gap

Facts for Prelims (FFP)

 

Source: ET

 Context: Under India’s Union Education and Skills Development Minister’s leadership, the G20 nations have adopted indicators from the ILO and OECD to track the global skills gap.

 

What is a Skills Gap?

A skills gap refers to the mismatch between the skills and qualifications that job seekers possess and those that employers require for available positions. It means that there are often unfilled job openings because potential employees lack the necessary skills and knowledge for these roles.

  • Types of skill mismatches include skill shortages, qualification mismatch, skill gaps, skill obsolescence, and over/under skilling.

 

India’s Skill Gap:

  • Only 49% of Indian youth is employable, points out the India Skills Report
  • According to the National Employability Report for Engineering, 80% of Indian engineers don’t possess the required skills.

 

Key points of ILO and OECD indicators:

Key PointsDetails
Agreement on Global Skill Gap IndicatorsG20 countries have agreed to use 12 basic and 14 extended indicators proposed by the ILO and OECD to monitor and measure the global skills gap.
ImplementationILO and OECD will be responsible for implementing the intervention to monitor
Migration PathwaysG20 leaders have pledged to establish well-managed, regular, and skills-based migration pathways that benefit both origin and destination countries.
Global Skills TaxonomyDevelop a global skills taxonomy broad enough to be applied across different countries.
International Reference ClassificationPlans to create an International Reference Classification of occupations based on skill and qualification requirements for better cross-country comparability and mutual recognition of qualifications.
Educational PrioritiesEmphasis on investing in human capital development to transform education systems, enhance enrollments and student retention, and ensure all learners acquire foundational skills by 2030.
Global CollaborationsExploring university-level collaborations with countries like Australia, UAE, Taiwan, UK, and others in critical areas, with active research collaborations with several countries.

For ILO Monitor on “world of work”: Click here