Bulletin of
Vitebsk State
Technological
University

Abstract

In modern conditions, special attention is paid to the issue of effective youth employment due to the tenser state of the youth labour market and the vulnerable position of university graduates. In these conditions, the main direction of the implementation of the youth employment policy is to increase its competitiveness on the labour market, which is achieved through the formation of the in-demand skills and competencies. In many countries, systems for predicting the skills in demand to ensure growth in labor productivity have been formed and are successfully functioning. For Belarus, it is of practical interest to use contemporary models and technologies for forecasting the labour market in terms of determining the competencies demanded by employers. This approach will allow to make adjustments to the training of specialists, create the basis for the formation of an effective youth employment policy and ensure a qualitative growth in labour productivity in the national economy.

The purpose of the study is to develop directions for increasing the efficiency of youth employment and employment of graduates of educational institutions, based on modern methods of analysis and forecasting of skills and competencies demanded by employers using technologies for tracking employment of graduates and the Big Data analysis. The article analyses the main indicators of the labour market in Belarus, its features and disadvantages are highlighted. It is concluded that it is necessary to switch to new sources of growth in labour productivity through the formation of new skills and competencies. Studied and summarized the foreign experience of ensuring the growth of labour productivity by predicting the in-demand skills, as well as the possibility of using it in Belarus. Particular attention is paid to determining the required competencies by tracking the employment of graduates. Such research will determine the skill set that is required for successful employment of graduates and adjust curricula and programs in this context. Taken together, this will expand the complex of implemented measures of the youth employment policy aimed at effective employment and the anchoring of graduates in the workplace.

Modern Technologies for Implementing youth Employment Policy Based on Analysis of Skills Demanded on the Labour Market