What is Skills Mismatch

Globalization, the development of new technologies, an ageing population, and the economic situation will continue influencing the skills mix; therefore, special attention has to be paid to young people to develop a skilled workforce responding to the current and future labour market needs, as well as to promote lifelong learning. The present study explores different concepts of employability and analyses employability skills of young people (aged 15-29) focusing on the most significant skills and the possible ways of enhancing their development. A survey of 405 youngsters and 81 representatives of institutions conducted in Latvia resulted in developing certain recommendations on how to increase youth employability in the Latvian labour market. Both theoretical analysis and the survey conducted highlight the most significant employability skills necessary to be competitive and successful at present and in the future.