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Increasing effective coordination of supply and demand in the labour market

Policy Instrument

Increasing effective coordination of supply and demand in the labour market

Učinkovitejše usklajevanje ponudbe in povpraševanja na trgu dela
Slovenia

Description

Stage

Other

Project is in its developmental stage

Foundations

Policy area

This is the new LMSI platform being developed from ground up that will form the backbone of the labour market tools and policies.

Policy goal

The policy instrument addresses the lack of relevant instruments and advanced tools that enable quality labour market forecasts, which, combined with a shortage of in-depth cooperation between the individual stakeholders (public institutions, business associations, research institutions, social partners), disrupts the consistency of labour supply and demand and quality forecasts for labour market needs. The instrument addresses this challenge by:
- developing a taxonomy of competencies, the establishment of an employment competency model and the implementation of its use, which is aimed at the effective coordination of supply and demand in the labour market.
- developing a model for identification of employers’ short-term needs for knowledge, skills and competences in the labour market, which will be realised by the implementation of employment forecasts.
- developing a multi-channel services with the emphasis on the use of modern information technologies, solutions and services in accordance with user needs and expectations.

Mismatch

Explicitly designed to address skill mismatch

Relevant stakeholders are developing their own model for early identification of key competencies. The instrument will upgrade the existing methodology used to identify employers' short-term employment needs, and develop a methodology to establish employer needs regarding knowledge and competencies in the labour market. The developed competency model of employment will also aid efficient identification of the employability of the unemployed and job seekers. In addition, new methods will link advanced communication tools (web, mobile platforms, telephone, personal contact) with activities available to the unemployed, jobseekers, and employers.

Aim of policy instrument

Administrative level

National

Main responsible body

Employment Service of Slovenia

Stakeholders

Labour market institutions and other institutions operating in the labour market field (e.g. Statistical Office of the Republic of Slovenia, employers’ associations, Institute of the Republic of Slovenia for Vocational Education and Training, university career centres, etc) will use the platform to identify current and project future employers' short-term employment needs and labour market supply.
Jobseekers and the unemployed will benefit in terms of more effective counselling and better skill matching within job placement process.
Employers will benefit in terms of more effective pre-selection of employment candidates, as well as clearer projections of labour market supply.

Funding

A total of €2,285,500 is being allocated to the project. 80% of the cost of the project will be financed by the European Union from the European Social Fund and 20% will be financed by the Republic of Slovenia from the Slovenian budget.

Intended beneficiaries

The unemployed, jobseekers, employers and other relevant labour market stakeholders will benefit from the developed employment competency model and the implementation of its use, which is aimed at the effective coordination of supply and demand in the labour market.

Processes

Financial schemes

None

Frequency of updates

This LMSI platform is in its developmental stage.

Development

This LMSI platform is in its developmental stage.

Barriers

This LMSI platform is in its developmental stage.

Success factors

This LMSI platform is in its developmental stage.

Monitoring

Not yet available. Up to now the project progress has been monitored through an internal monitoring process by the developmental team.

Innovativeness

Slightly innovative

Skills-based profiling and matching tools/platforms are already well developed in other EU countries. However, Slovenia has yet to developed a comprehensive skill matching platform, which when fully operational will certainly bring a new level of matching supply and demand in the labour market.

Sustainability

Evidence of effectiveness

Not yet known.

Engagement of stakeholders

The LMSI is being developed on the basis of the Operational Programme for the Implementation of the European Cohesion Policy 2014 - 2020.

Transferability

Not easily transferable

This LMSI platform is in its developmental stage.

Sustainability

The LMSI development project is being financed predominately out of ESF and is thus bound up to successful implementation.