Skills-based hiring: tackling the labour shortages

There is a huge skill mismatch and skills shortages in the EU
labour market. In 2022, despite the all-time high employment rate
(74.6%), we are still seeing the highest job vacancy rate of
2.9%, which more than doubled compared to 2012 (1.3%).

In this episode of The Sound of Economics, Giuseppe Porcaro
discusses the importance of skills-based hiring with Duygu Güner
and Mona Mourshed. How can this practice help remove the barriers
between workers and the job market and how can it further assist
digital transformation in our economy? They also discuss how to
motivate workers as well as employers to adopt this new
system.

This is part of a special Skills series of The Sound of
Economics, where we discuss how we can utilise upskilling and
reskilling initiatives to protect vulnerable groups of the
workforce, how to build a resilient workforce and create a better
functioning EU labour market. 

Relevant publications:
Launching a Tech Hiring Revolution, Report by Generation
Gotti, G., T. Schraepen and D. Güner (2023) ‘Technology Adoption
dashboard’, Bruegel Datasets
The Midcareer Opportunity: Meeting the Challenges of an Ageing
Workforce, Report by Generation

This podcast was produced within the project “Future of Work and
Inclusive Growth in Europe“, with the financial support of the
Mastercard Center for Inclusive Growth.