A market systems approach to skills development

Type:
Document
Content Type:

                        Generic document
                      
 Language:

                                                English
                                              
 Language Version:

                                                --
                                              
 Sources:

                        ILO                      
 Authors:

                                                Gun Eriksson Skoog & Matt Ripley
                                              
 Topics:

                        Anticipating needs and matching skills, Lifelong learning, Skills policies and strategies, Youth employability                      
 Knowledge Products:

                        Case studies and good practices                      
 Publication Date:
25 Jul 2022

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wcms_851264.pdf

Enterprises can drive business success and support inclusive economic growth by making investments into educating, training and reskilling of workers. Workers also face an imperative to proactively upgrade their skills or acquire new ones through training, education, and lifelong learning to remain employable, especially in the face of rapid transformation brought about by advances in automation and digitalisation.

A market systems approach to skills development has the potential to lead to more sustainable employment outcomes at scale, by taking a holistic approach to addressing both supply- and demand-side factors, as well as tackling the cost of skills development programmes and strengthening the link between market needs and the important role of regulation and standards.

Drawing on three case studies, this paper explores how a market systems development (MSD) approach to skills development can lead to employment outcomes and foster sustainable impact through systemic change that is owned, maintained, and further evolved by local stakeholders.

Subject Tags:

                        Labour market, Private sector, Skills anticipation, Skills mismatch                      
Regions:

                                                                                                 Africa,
                                                                                                                          Asia and the Pacific,
                                                                                                                          Europe and Central Asia,
                                                                                                                                                     Global
                                                                                                                       
Countries and territories:

                         Bangladesh,
                                                 
                         Kenya,
                                                 
                                                    Serbia
                                                 
Economic groups:
Least developed countries, Developing countries, Transition countries