Posted by: bluesyemre | January 15, 2020

#Switzerland has the most highly #SkilledWorkers in the world, this is why

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Switzerland is flying the flag for skilled workers

For a country that fits into the state of California 10 times, Switzerland punches above its weight when it comes to global competitiveness. In the World Economic Forum’s latest Global Competitiveness Report, it comes in fifth overall – but tops the ranking for skills. “Switzerland’s performance is outstanding in areas related to human capital,” the report notes.

So what is Switzerland doing right when it comes to skilling its workforce? Up to 70% of secondary school students take part in its ‘gold-standard’ vocational education training system (VET), according to a 2015 report by the Center for International Education Benchmarking (CIEB). From age 16, most young people stop full-time education, instead rotating between school, inter-company courses and hands-on experience in a workplace setting for three-to-four years, receiving both a wage and a crucial introduction to the world of work.

What do we mean by ‘competitiveness’?

What is economic competitiveness? The World Economic Forum, which has been measuring countries’ competitiveness since 1979, defines it as: “the set of institutions, policies and factors that determine the level of productivity of a country.” Other definitions exist, but all generally include the word “productivity”

The Global Competitiveness Report is a tool to help governments, the private sector, and civil society work together to boost productivity and generate prosperity. Comparative analysis between countries allows leaders to gauge areas that need strengthening and build a coordinated response. It also helps identify best practices around the world.

The Global Competitive Index forms the basis of the report. It measures performance according to 114 indicators that influence a nation’s productivity. The latest edition covered 141 economies, accounting for over 98% of the world’s GDP.

Countries’ scores are based primarily on quantitative findings from internationally recognized agencies such as the International Monetary Fund and World Health Organization, with the addition of qualitative assessments from economic and social specialists and senior corporate executives.

 

Explore the full report

‘Strong support’ from employers

The CIEB report says the VET system, in which 30% of Swiss companies partcipate, prepares a broad cross-section of students for careers in a range of occupations and sectors. “It enjoys very strong support from Swiss employers, who credit it with being a major contributor to the continuing vitality and strength of the Swiss economy.”

The country benefits from a pipeline of young-professional talent, it says, low youth unemployment in the single digits and the skilled workforce needed to produce high-quality goods and services.

https://www.timeshighereducation.com/news/no-more-graduates-needed-switzerland-goes-it-alone-he

 

https://www.weforum.org/agenda/2019/10/switzerland-economy-skills-workforce-competitive/


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