Mobilising skills for business performance - New evidence from the European Company Survey

Cedefop and Eurofound organised a virtual get together event on 27 April 2023, 15:00 - 16:30 CET.

The presentation of the recently published joint report on Fostering skills use for sustained business performance: Evidence from the European Company Survey was followed by a Q&S session and a panel discussion.

2023 has been designated the European Year of Skills. The year puts people and their human capital in the spotlight. Recognising the importance of the link between human capital and development, the EU has committed to supporting skills development at all stages of the skills formation process: by widening access to high-quality initial education and by supporting participation in adult learning in a lifelong perspective. Developing human capital produces a range of benefits for workers, employers, sectors, regions, and societies more widely. However, many of these benefits only fully materialise when skills are effectively used in workplaces: what happens in organisations to stimulate utilisation of skills crucially matters.

A joint report by EU agencies Eurofound and Cedefop uses the 2019 European Company Survey (ECS 2019) to show that managerial approaches cultivating skills utilisation are associated with improved establishment performance. Such approaches are driven by an organisational culture that values employees as an asset to the organisation. At this first Cedefop European Year of Skills Virtual Get Together, the two agencies explained why workplace wellbeing is central to the mechanism linking human capital utilisation to business outcomes and help make the case for people-centred managerial approaches.

Agenda