Employability and unemployment

Working, learning, nothing?
A determining concept in the labourmarket today is employability. Lifelong learning, the capacity to adapt to changing work circumstances, and the soft skills you need to prosper in teamwork are all aspects of the same employability. A scarce resource, if you ask employers.

Demand vs. offer

The demand for talent largely exceeds the offer for quite a range of profiles (ManPowerGroup). Employers consequently train increasingly more people in-house, or invest in education and training. But you guessed it: those investments only pay off if your employees or future employees are, in fact, employable.

Worldwide

The mismatch between talent and labour market is a worldwide phenomenon. The recessions that have plagued many countries in particular threaten young people. Structural unemployment and more generally the growing proportion of youngsters that are neither employed, nor in education or training (NEET), every day more eats into their skills and employability – and with that their effort and engagement. One in four people between 15 and 29 years of age would be NEET, according to the International Labour Organisation.

 

Structural unemployment and more generally the growing proportion of youngsters that are neither employed, nor in education or training (NEET), every day more eats into their skills and employability – and with that their effort and engagement.

— International Labour Organisation (ILO)

In developed countries

In developed countries, what is tragic is that the percentage of NEET-youngsters increases with age: there are persistently more NEETs in their twenties than in their teens… The fact suggests that inactivity is not only related to low levels of education. Many young graduates find it difficult to enter the labour market too.