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.