Seminars
ESSI aims to forge mutually beneficial, collaborative links between research entities.
Held on a regular, open enrollment basis in the Principality of Monaco, the ESSI Executive Series synthesizes the unique resources of Monaco, the ability and viewpoints of top-level faculty from around the world, and the input of participants from a wide variety of professional and cultural backgrounds.
The Executive Series aims to assist motivated, resourceful professionals in applying dynamic and creative information whose usefulness is determined by the immediate outcomes it generates. Each session thus focuses on meeting the often-complex needs of executives under pressure to produce imaginative solutions to novel problems.
The integration of information, instructors, access to decision-makers, and the setting of Monaco makes the take-aways from each session unique. Simply, this combination is unavailable outside ISESS; it cannot be found in one place, at one time, and explained by the relevant experts, anywhere else. Further, the well-crafted and inclusive nature of instruction prepares participants to manipulate the knowledge tipping point, to identify the moment at which they have mastered sufficient information for their own needs and can move to apply it.
The first ESSI seminar “Workforce Training Issues in European Small States” explores the question of whether human resource development should now focus on the development of targeted “hard” skills such as the ability to use technology, financial expertise, and operations management; as well as the development of essential “soft” skills such as entrepreneurship, communication, teamwork, and creativity. Will this better meet the demands of the job market and contribute to building a modern society in European small states? Will progress depend on moving away from the generalist educational programs that have been implemented in the past to a focus on specific fields that display a need for reform and present strong potential for success? How will this occur?
Small states in Europe are challenged to build a skilled and responsible administration and workforce that is able to effectively deal with the political and economic problems that lie ahead. As these countries seek new areas of growth – within and without national confines – they nevertheless recognize their limits and accept that a restricted number of enterprises can function effectively in a given sector of their economies. It is therefore important to grow their economies in a complementary way.
This positioning requires a nuanced approach to possibilities for expansion; entry costs to new sectors are often high and necessitate major financial, resource, and infrastructure commitments while strong and established competitors also operate within these markets. The seminar “Workforce Training Issues in European Small States” fulfills the role of ISESS as an agent of change and a clearing house for ideas by offering a forum where European small states could learn ways to overcome these barriers in a cost effective and competitive way.
Continuing examination of economic developments in European small states confirms that progress requires the existence of a functioning market economy, and the capacity to cope with global competitive pressure and market forces. The existence of a functioning market economy, an open and transparent public administration, and development of an inclusive civil society have been deemed essential for success.
Yet to date, very few of the measures included in the active labor market programs directly aim to address the skill needs and improve the employability of the labor force. Despite major efforts, the overall level of education and training of labor forces in small states is still relatively low, and the mismatch between the qualification profile of the labor force and the requirements of enterprises are still substantial.
Many young people fail in finding employment on completing their education because of the mismatch of their skills with the labor market requirements, and the quality of education and training remains low. It appears that further sustained efforts are necessary.