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Regional labor market – state and problems, challenges to the development of human capital

Regional labor market – state and problems, challenges to the development of human capital

On 12 November 2015 MAXEUROPE hosted a round table discussion  on “Regional labor market – state and problems, challenges to the development of human capital”. The meeting  was organized by The Bulgarian Industrial Association, in partnership  with  Open Society Institute. Special guess at the event  was the main expert of The World Bank – Mrs.Silvia Artal. She presented a detailed report on study on “Cognitive and socio-emotional skills on labor force in Bulgaria”.

MAXEUROPE was chosen to host the event among the World Bank criteria for entirely Bulgarian property company, with social policy to its employees, environment care, corporate social responsibility, sustainable policies for reinvestment and development of human capital. The event was attended by the Mayor of Plovdiv  Mr.Ivan Totev,  Deputy Governor  Mr. Vladimir Marinov, Mr.Tomcho Tomov,  head of the National Center for Assessment of Competence , Ministry of Labor and Social Policy, Ministry of Economy,  Directorate “Labor Inspectorate” Plovdiv,  Directorate “Regional Employment Service”, Technical University of Sofia-Branch Plovdiv, Professional  School of Mechanical Engineering – Plovdiv, and the executive and human resources managers of the following leading companies in the regional:  KCM AD, Socotab Ltd,   Liebherr-Hausgerate Marica Ltd., Sensata Technologies Bulgaria Ltd, Vinprom Peshtera AD, Bultex 99 Ltd., United Milk Company AD, Dunapack Rodina AD, Dimitar Madjarov Ltd and others.

During the meeting experts and managers discussed the complex environment  of the labor market at both regional and national level.  The date showed that more than half of the university graduates in Bulgaria work in positions requiring secondary education and 40 % of workforce do  not work at all. Annually 30 -40 000 employed dropped out from the labor market and the number of newcomer is not sufficient   for their compensation. This situation is complemented by the fact that each year 40 000 youths leave our country , 20 % of which from secondary education. “Over the years we observe a generational unemployment. Nearly 870 000 Bulgarians neither study nor work. 300 000 of them are young people” said Mr. Tomcho Tomov. In addition, 41 % of the students over 15 years are functionally illiterate, 770 000 Bulgarians have no secondary education, 35 % of which are aged up to 25 years.

The experts said that there is a lack of staff as technicians, technologists, mechanics, welders, turners, drivers, crane operators, chefs and graduates in information and high technologies, engineers, business analysts and financers. The diploma itself is not a guarantee of acquired skills and successful career.  There are missing competencies that are essential for the development of the economy. It is important for everyone to understand and share responsibility for the personal and team development . Company trainings, seminars and courses, self-trainings and new skills are essential for everyone who wants to develop and achieve a better quality of life.

It was also expressed gratitude for the opportunity through  Bulgarian Industrial Association and Open Society Institute, all proposals and efforts of HR professionals in the regional to reach government.

All participants shared the view that only in this way the efforts and best practices can be integrated into the education system, which in turns also need quite some time to begin to “produce” the necessary business competences.

We would like to thank everyone involved, both directly and indirectly, in the preparation and implementation of the roundtable. It was a great pleasure and honor for MAXEUROPE to host an event of a similar rank and manage to engage the attention and efforts of HR professionals in the regional to the changes in the approach to the human capital development.