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Changes in the skills of the workforce for future development of the labor market in the Slovak Republic

Author

Listed:
  • Andrea Horváthová

    (Alexander Dubček University of Trenčín, Slovakia)

  • Michal Hrnčiar

    (University of Economics in Bratislava, Slovakia)

  • Eva Rievajová

    (University of Economics in Bratislava, Slovakia)

Abstract

A deep knowledge of the changes that are important for the link between the labor market and human resources is a prerequisite for the right link between education and the labor market. Undoubtedly, the most important element for the coming period are innovative changes that significantly change the nature of employees' work. For employers to remain competitive, they need a skilled workforce. The presented paper has a theoretical-empirical character. In the article, we used research methods such as synthesis of available bibliographic references, induction, and deduction as a theoretical general method of scientific knowledge. The questionnaire method was used in the creation of the paper, through which the selected results of the questionnaire survey were evaluated, within which we determined the importance of individual skills for the future labor market. In Part 1, the paper focuses on the theoretical basis of business education with an emphasis on highlighting innovation trends and new demands on the workforce. In the 2nd Part of the paper, through the analysis of the results of the survey, the future key skills that the workforce will have to have by 2030 are identified. As well as in the labor market comprehensively. The results of the survey showed the importance of digital, interpersonal, and cognitive skills. In addition, the survey found that the workforce in the Slovak Republic will have to use a higher level of skills by 2030, such as effective teamwork, the ability to achieve goals or self-control. The main goal of this paper is to examine two areas that will face significant changes in the coming period - the labor market and employee training. The aim of the paper is based on the analysis of domestic and foreign literature, and processing of research findings from the questionnaire survey to provide insight into what the system of formal and non-formal education we will have to pay the highest attention in the next 10 years, especially in preparing future graduates. In addition, it is important information for companies that need to train employees.

Suggested Citation

  • Andrea Horváthová & Michal Hrnčiar & Eva Rievajová, 2022. "Changes in the skills of the workforce for future development of the labor market in the Slovak Republic," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(4), pages 212-224, June.
    • Handle: RePEc:ssi:jouesi:v:9:y:2022:i:4:p:212-224
    DOI: 10.9770/jesi.2022.9.4(11)
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    References listed on IDEAS

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    1. Magdalena Graczyk-Kucharska & Ayse Özmen & Maciej Szafrański & Gerhard Wilhelm Weber & Marek Golińśki & Małgorzata Spychała, 2020. "Knowledge accelerator by transversal competences and multivariate adaptive regression splines," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(2), pages 645-669, June.
    2. Alexandre Georgieff & Anna Milanez, 2021. "What happened to jobs at high risk of automation?," OECD Social, Employment and Migration Working Papers 255, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    education; labor market; human resources; innovation; soft skills;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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