Inclusive Plug Episode 7: Enhancing Economic Opportunities Through Non-Formal Skills Development
Skills development determines success in the labor market. It’s a strong predictor of stable and quality jobs among young people, women and other vulnerable and marginalized groups. Skills development goes beyond formal vocational education and training. A lot has been done in the formal education system of Armenia. Despite a steady supply of an educated workforce, employers complain that they can’t find people with the right skills. Hence the vacant positions remain open or filled with unqualified staff. Small and medium enterprises (SMEs) are the main employers in Armenia. They constitute 98% of all registered and functioning legal entities. They still need to enhance their own capacities to absorb new entrants to labor market. Conversely, not much attention has been given in the country to non-formal skills development.