This report stresses the need to provide the right incentives for people to upgrade their skills, to better link education, training and work, to develop the right mix of skills, and to better anticipate those skills needed in the future. - At present, one in three Europeans of working age has few or no formal qualifications, making them 40% less likely to be employed than those with medium level qualifications. - The employment rate for those with high skill levels across the EU as a whole is 84%, for medium skill levels 70%, and for low skill levels it stands at 49%. - Those with low qualifications are also much less likely to upgrade their skills and follow lifelong learning. - Meanwhile, companies that train their staff are 2.5 times less likely to go out of business compared to those that do not, and - Education systems that provide adequate skills for all could increase GDP by as much as 10% in the long term. It calls for action in four main areas: - Provide better incentives for employers and individuals to up-skill, and investment in skills must be significant, smart and not just financial; - Open up the worlds of education and training by making education and training institutions more innovative and responsive to both learners' and employers' needs, and by developing relevant qualifications that focus on concrete learning outcomes; - Offer a better mix of skills that is more suited to labour market needs; - Better anticipation of future skill needs Bron: website EU; bewerking RWI
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