Situation in the European Labour Market: New Times Require New Knowledge

What are the most requested professions in Central and Eastern Europe? What specialists will be in demand in the future? The labour market researchers say that in the foreseeable future, every second profession that exists today is highly likely to be substituted by a machine.

Will this lead to job losses? The researchers say that yes, it will, adding that the old professions will be replaced by new ones. Technological innovations, in particular robotics, will allow performing specific tasks within the existing workplaces, which will give employees an opportunity to devote more time to new tasks. This will also change the set of key skills for these occupations, researchers predict.

According to analysts’ forecasts, the most popular professions of the future in Central and Eastern Europe will be IT strategy and management; machine building; logistics and management of forklifts; marketing and advertising; mechatronics in the aviation industry; search engine optimization (SEO); Internet security; data analysis; and financial controlling.

Rapid technological, demographic and socio-economic transformations change industries and business models, while reducing the “shelf life” of employees’ skills. Employees need to master new skills every 5 years, not 20–25 years, as it was before. This is especially relevant for Central and Eastern Europe, where, due to low unemployment and sustained economic growth, the deficit of specialists in the most important sectors keeps growing. In Slovenia, for example, there is a shortage of specialists in the field of information and communication technologies, health care, science and engineering.

The Inovantage study (authored by the Adecco Group) dedicated to the 21st century skills in Central and Eastern Europe notes that during the new industrial revolution and rapid changes in the labour market, talent is the most valuable currency. To attract, integrate and develop real talents, companies must adapt their work models to the 21st century, including the area of personnel policy.

Robert Kaše, an employee of the Management and Organization Department of the Faculty of Economics of the University of Ljubljana, stresses that skills and talent are of key importance for the future development in the region. According to experts, more acute shortage of relevant personnel and a large gap between demand and supply in the labour market should be addressed by apprenticeship, lifelong learning, increase in mobility and diversity of personnel—depending on gender, age, cultural or national origin, as well as greater flexibility in employment contracts and forms of cooperation.