Technologies, trends and theories:
knowledge at the cutting edge.
Our knowledge base contains information, interesting facts and selected articles on the latest trends and current developments on global labor markets and in the world of semantic technologies relating to human resources and recruitment, occupation (big) data and ontologies / knowledge graphs, job classifications, CV parsing, skills and job matching and much more.
A new analysis of online job postings from the UK confirms that there has been a strong recovery of job vacancy rates this summer, well above the same period two years ago. The data, coming from one of the largest online job search engines in the UK shows:
New vacancies are mainly in IT, construction, trades or warehousing and logistics with 330,000 in total, nearly one-third of all vacancies.
The numbers of vacancies in healthcare, » Read more about: Global Labor Market News: Despite strong vacancy recovery, long-term unemployment remains »
In May 2021, China announced that couples are allowed to have up to 3 children, due to a consecutive four-year decline in the population. In 2016, China abolished its one-child policy, replacing it with a two-child limit, which had little impact on its fertility rate. The Chinese government hopes to salvage the situation by further relaxation of birth control. However, the coming of the so-called “three-child policy” is responded to by most with just a shrug. » Read more about: Global Labor Market News: Will China get old before it gets rich? »
Advanced economies in Europe and North America are finally emerging after a year of COVID-19 lockdowns largely due to mass vaccinations, while populations in Africa and hard-hit South Asia and Latin America grapple with both vaccine access and labor informality. In a year mired by uncertainty, the economic and societal shocks of the pandemic impacted women and men differently—across the world, women were more likely to lose jobs, cut back paid hours worked, and became the default childcare providers in households. » Read more about: Not entirely a “she-cession” but globally women are the key to economic recovery »
By now we all know that when tech companies say that data is in the cloud, it has nothing to do with those white fluffy things in the sky. In fact, “cloud computing” is nothing more than a fancy marketing term designed to give users a magical feeling instead of telling them straightforward that their data is stored on the server in a data center. The use of the term first appeared in 2006 in an industry conference introduced by one of the largest tech companies. » Read more about: When cloud meets COVID: How cloud computing is transforming across sectors – especially in public services »
Back in 2008, when we first started developing our solutions, the work of Diamond, Mortenson and Pissarides provided the scientific basis for our job and skills matching technology. With their Nobel prize winning labor market theory and the DMP model, they provided a first coherent, complete framework to think about labor market dynamics in a structured way. In their theory, labor markets are viewed as markets with search frictions: workers look for suitable jobs and employers look for suitable workers, » Read more about: “No unemployed candidates will be considered at all” – the crux of unemployment. »