Development of the model for forecasting human resource demand and monitoring the links between qualification and profession
The key aim of the project was to develop an integrated econometric model for forecasting the supply and demand of human resources in Lithuania and to establish a monitoring system that would monitor the links between qualification, occupation and sector of employment. The end result of the forecasting model is a series of 5 year skills supply and demand forecasts for different occupations (about 20–25 occupational groups), qualifications (i.e. about 20 education clusters) and sectors (i.e. 15 sectors of employment).
The monitoring system utilises the data available at the EU and national levels, including:
- the Lithuanian Labour Force Survey quarterly data;
- Cedefop’s skills supply and demand forecasts (i.e. especially the demographic and employment by sector forecasts);
- national education data collected by the Centre of Information Technologies in Education;
- various employment data stored by the Public Employment Service, Statistics Lithuania and other national data providers.
The combined monitoring data provides information fiches for over 90 occupations (at the ISCO 3– and 4–digit levels), presenting in a nutshell the key sectorial, labour market and education developments and trends that might affect a given occupation.