Forecasting Model in Finland

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Main aspects:

  • The HWF planning is harmonized with social and economic development and the planning of other related sectors. This means better coordination and also better synchronizing of the labor markets and education system in the short-, middle- and long-run. The intakes for education are coordinated according to needs for all industries.
  • Different scenarios provide alternative views on future economic development that can be utilized in the political decision making processes and in the social planning. The growth of GDP and employment, as well as the changing needs of population, productivity in health care, skill mix changes and estimated need for migration are taken into account.

Helpful tips:

  • Effective coordination between quantitative and qualitative forms of anticipation is necessary in order to support a better and more complete perspectives of foresight and anticipation;
  • There is no quick trick to establish a solid national database and implement the macro-economic model. In addition, building a tradition on intersectoral collaboration for workforce anticipation is a challenging requirement.

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