HRM and skills development – November 2022

The ‘last mile’ from credentials to employment
Academic digital credentials — the cryptographically verifiable assertion that an individual holds a degree, certificate, or other credential — have been available for the better part of a decade. Yet despite the potential value of these data-rich, transportable credentials to graduates, employers, and academic institutions, digital credentials have by no means become the standard in presenting or verifying skills and qualifications. A new report (726 kB) from the Digital Credentials Consortium (DCC), housed at MIT Open Learning, explores this gap between the promise of digital credentials and their widespread adoption.

Online job ads in Europe more than twice as high compared to 2019
Europe’s labour market is steadily recovering from the COVID-19 pandemic. Cedefop’s Skills OVATE tool, which tracks trends in jobs and skills using online job advertisements (OJAs), shows that, after the first shock in the second quarter of 2020, the number of OJAs grew steadily. In the last quarter of 2021, it was almost three times higher compared to the pre-pandemic period. And, while there was some slowdown of the OJA market observed in the first half of 2022, the overall figures are still more than twice as high compared to the same period of 2019.

Expert report on quality investment in education and training
The final report (3.4 MB) of the expert group on quality investment in education and training from the European Commission, published in October 2022, identifies the education policies that have the potential to boost education outcomes and equity while improving the efficiency of spending on education and training processes throughout the European Union.

Inflation and labour/skills shortages on top of the CEO alert list
In the latest Fortune/Deloitte CEO Survey (378 kB), CEOs share more modest growth expectations over the next twelve months, finetuning strategies around talent, workplace, and technology models to adapt to new conditions. Inflation and labour/skills shortages top the list of external issues that CEOs expect to influence or disrupt their business strategy.

The future of remote work in creative industries debated
‘To be or not to be... Remotely creative?’ is the title of a paper (7.27 MB) by Korn Ferry exploring new models for collaborating and innovating in the future of work. The publication described the outcome of a panel expert debate on the issue. Strikingly, one out of three surveyed professionals report they don’t think they’ll ever go back into the office full time.

Intellectual property drives job creation in Europe
A report (3.13 MB) by the European Patent Office EPO and the European Union Intellectual Property Office (EUIPO) shows that industries, making intensive use of intellectual property rights (IPRs) generated 30% of all jobs in the EU in the period 2017-19. This means that sectors using patents, trademarks or designs, among other IPRs, directly employed more than sixty million people in the EU. In addition, another 20 million jobs were generated in industries that supply goods and services to IPR-intensive businesses, adding up to a total number of eighty million IPR dependent jobs.
 

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