Process of predicting skill demand and supply in the short, medium or long term, as well as the corresponding qualification requirements (type and level), using quantitative or qualitative model-based projections.
Comment
- Typically, a skills forecast exercise tries to answer three questions:
- Where will the jobs of the future be concentrated in a country, region or sector?
- What are the implications of this for skill needs, as measured by occupation and qualification?
- Will the supply of skills be able to meet market needs?
- Skills forecast is a way to identify future imbalances between labour supply and demand, as well as employment trends in sectors, occupations and qualifications.
Source
Cedefop; ETF, 2017a.