Study on National Skills Outlook

The study aims to set up the conceptual and theoretical framework to outlook skills in the labor market, and to produce results of skills outlook on the ground of the framework. This study is the third-year report of the ten-year project being pursued by KRIVET. The key contents of this project contain four areas such as two skills surveys about employers and individuals, the development of skills mismatch index, and the establishment of model to forecast the demand for skills and supply of skills. This study is focused on conceptual framework of skills outlook and the employer skills survey in Korea. This report is composed of two parts. The first part views the concept or theory through previous studies, and suggests the method or technique of skills perspective. Furthermore, in this part, we suggest the framework to be able to outlook or forecast skills mismatch in the labor market. The second part collects and analyzes the data with relation to the demand for skills in the labor market. The first part is related to key contents of skills theory. This part includes the issues about skills imbalances such as skills mismatch, skills gap, skills shortage, education and training, and labor market needs. The results of the work regarding the theoretical framework of skills is that skills imbalance is deeply related to education and training as well as the changes of the job duty that is required in the industry or in the labor market. With the purpose of establishing the conceptual framework for skills perspective, this work importantly considered the structure of skills formation such as programs or curriculums in education and training, as well as skill needs or the demand for skills with relation to the job duty in the workplace. ..