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What is Employment policy

Developing Skills and Competencies for Digital and Green Transitions
– a set of policies aimed at supporting individuals to find the best possible job with respect to their education background, skills and job aspirations. It also includes measures supposed to help creating better working environment including equal opportunities, protection of the workers’ rights, improvement of the capacities through education and trainings, etc.
Published in Chapter:
Youth Aspirations Towards Industry 4.0 Job Requirements: The Example of the Serbian Labor Market
Mihajlo Dusan Djukic (Institute of Economic Sciences, Belgrade, Serbia) and Dejana Pavlovic (Institute of Economic Sciences, Belgrade, Serbia)
DOI: 10.4018/978-1-6684-9089-1.ch003
Abstract
A push towards digitalization and a solid inflow of foreign investments has provided a basis to create new jobs and facilitate a smoother transition of youth into the Serbian labor market. Although still inordinately high when compared to its EU counterparts, the unemployment rate youth has decreased over the last decade following improved macroeconomic trends. Further positive outcomes necessitate targeted, labor market policies focused on strengthening employability - of interest to research are changes in the external environment (particularly Industry 4.0 requirements) and deficiencies caused by rigidity in formal education. Taking into consideration youth career aspirations and capacities, a Principal Component Factor Analysis was applied to data collected from the survey of youth (18-29 years old, n=125). The results help provide conclusions on youth attitudes related to learning preferences, additional skills required and the self-estimation of their digital-skill capacities. The analysis extracts five factors relevant for developing effective active labor market measures.
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