Abstract

Purpose – the purpose of the study is to evaluate the opinion of employers on the importance of employability competencies in recruitment in Latvia, considering increasingly global and changing labour market. Research methodology – total of 750 companies participated in this research. A list of 17 skills, competencies and attitudes, important for individual employability in changing labour markets, was rated using a four-point Likert scale. Findings – the research results show that employers value attitudes, emotional and self-management competencies the most when hiring potential employees, which are followed by social competencies. Although academic skills were assessed as the least important in the list of all competencies, the majority of employers consider academic skills important in the recruitment process. Research limitations – as this research is not sector-specific, it is limited only to those competencies that can be equally applicable to all occupations. Practical implications – research provides valuable, easily acquirable information for various stakeholders in the area of human resource planning and development, including educational institutions which aim to update programmes to facilitate graduate employability. Originality/Value – research offers three complex factors explaining the elements of individual employability, based on empirical analysis

Highlights

  • The importance of planning human resources in every business is increasing due to increase in global competition and labour market flexibility

  • It shows that skills, competencies and attitudes which help employees to be more employable in changing labour market, including to find fulfilling employment and to change jobs easier, are highly valued by employers in the recruitment process in Latvia

  • This study offers the model of reducing a number of employability attributes to three complex factors, based on the results of one of the most effective multivariate analysis methods for dimension reduction – factor analysis

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Summary

Introduction

The importance of planning human resources in every business is increasing due to increase in global competition and labour market flexibility. According to Harvey (2005), employers are looking for recruits who are going to be effective in a changing world. They want intelligent, flexible, adaptable employees who are quick to learn and can work on a range of tasks simultaneously (Harvey, 2005), or, in other words, will be employable throughout career. Considering the changing labour market, defining employability attributes is a very challenging task. According to the World Economic Forum, 42% of core skills will change between 2018 and 2022 (World Economic Forum, 2018) This has implications for different stakeholders in the area of human resource planning and development, including students, educational institutions, employees and employers. In Latvia, these groups of stakeholders have been informed about changing labour market demands and required competencies by various employers' surveys, they have rarely been representative, and none have analyzed the competencies

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