Why is it important to address the skills mismatch challenge?

The skills mismatch is one of the issues that WorkQuest aims to address. A skills mismatch occurs when there is a mismatch between the skills that employers seek and the skills that individuals possess. Simply put, there is a misalignment between abilities and work opportunities.

Skills mismatch has ramifications at all levels of the labor market.
Individually, there are severe wage penalties for under qualification and overqualification, which impact both job and life satisfaction.

Skills mismatch has a detrimental impact on a company’s productivity and competitiveness, as well as its capacity to introduce new goods, services, or technologies. Furthermore, a mismatch in competencies leads to higher worker turnover and inefficient work organization. This eventually leads to a loss of earnings and markets.

Skills mismatch can raise unemployment in countries and regions, as well as damage their competitiveness and appeal to investors, resulting in missed possibilities for productive transformation and job creation.

WorkQuest’s major purpose is to make interactions between employers and employees as simple as possible, allowing millions of individuals to improve their financial status and standard of living. This will also help to solve the challenge of finding trustworthy specialists across all industries on a worldwide scale, as well as develop a progressive digital economy based on trust, mutual respect, and the well-being of its participants.

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