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Page 1: Increasing the impact of skills on jobs, productivity and growth

Increasing the impact of skills on jobs, productivity and growthSylvain Giguère, Head of LEED Division, OECD

International Economic Forum of the Americas, Montréal, 11June 2014

Page 2: Increasing the impact of skills on jobs, productivity and growth

Skills use and earnings

30 35 40 45 50 55 60 651000

1500

2000

2500

3000

Age

Mon

thly

wag

es U

S$

HIGH-SKILL MATCH (high basic skills, high use)

SKILL DEFICIT (low basic skills, high use)

SKILL SURPLUS (high basic skills, low use)

LOW-SKILL MATCH (low basic skills, low use)

Page 3: Increasing the impact of skills on jobs, productivity and growth

SKILLS GAPS AND SHORTAGES

HIGH SKILL EQUILIBRIUM

LOW SKILL EQUILIBRIUM

SKILLS SURPLUS

Skills demand

Understanding the impact of skills policy on jobs, productivity and growth

Skills supply

Page 4: Increasing the impact of skills on jobs, productivity and growth

Skills supply

Ski

lls d

eman

d

The case of Quebec, 2011

Page 5: Increasing the impact of skills on jobs, productivity and growth

Skills demand and supply balance

Quebec, 2011

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Compared with unemployment

Quebec, 2011

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Trends over 2006-2011

Quebec

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Skills demand and supply balance

UK, 2011

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Compared with unemployment

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10

The importance of connecting employment & skills with economic development

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Raising the game: boosting skills utilisation for better jobs in more productive economies

Australia

Belgium (Flanders)

Canada

Korea

United States

Northern Ireland (United Kingdom)

Sweden

Ireland

Italy (Trento)

Czech Republic

France

Israel

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Engaging employers: Orienting the skills system towards the demand

United States

Australia Canada Korea Northern Ireland (United

Kingdom)

Belgium (Flanders

)

Israel Sweden Italy (Trento)

Ireland Czech Republic

France1.0

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3.0

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Bringing people on board: Flexibility in the skills system

California (United States)

Australia

Ontario (Canada)

Korea

Michigan (United States)

Ireland

Quebec (Canada)

Northern Ireland (United Kingdom)

Italy

France

Sweden

Israel

Flanders (Belgium)

Czech Republic

1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0

Page 14: Increasing the impact of skills on jobs, productivity and growth

Building an effective skills system in Canada

• Make the better utilisation of skills a policy priority at the national and local level

• Align the employment and training system with employers while ensuring flexibility for individual learners

• Examine local and regional governance structures to ensure policies are integrated and align with economic development objectives

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Thank [email protected]/cfe/leed