Skills for Enterprise Development

The ETF’s initiative ‘Skills for Enterprise Development’ focuses on enterprise practices and engagement in skills development. The Initiative aims at addressing the need for skills adaptation and enhancement enabling enterprises to:

(i) respond and manage challenges, including the crisis generated as a result of the COVID-19 pandemic, and

(ii) within a longer term perspective, contribute to a greener, inclusive and innovative society.

Skills are essential for individuals at all stages of their career from the transition from school to work and upskilling and reskilling to face labour market demands and developments in the relevant work sector.  Skills permit companies to face change, anticipate demands and ensure continuity of business success and competitiveness.They are also critical to ensure enterprises engage with wider objectives, in particular the greening of economies, inclusive labour markets and sustainable societies.

Small and medium enterprises (SMEs) and micro enterprises face specific issues in skills development, upskilling and reskilling. They have limited resources and human resources services to undertake analysis and focus on anticipating demands of the market.

The ETF’s ‘Skills for Enterprise’ initiative is targeting:

  • Employers/entrepreneurs: who need the skills to design and manage a virtuous business model, implement it and ensure productivity, both to recover from the COVID-19 emergency impact, as well as grow their business or transform it for the future.
  • Employees/future work force: who need to work and deliver in a new business environment, ensuring the enterprise's productivity. In their work, continuous skills development, upskilling and reskilling is essential to increase employability prospects and employment opportunities.  
  • Intermediary/brokerage bodies: who need to co-create an enabling environment, tools (actions and networks) to support employers and companies (by size/by sector) to handle business continuity, leverage networks and provide services to facilitate single companies’ work. 
  • Public bodies: who need to co-create an enabling environment, policies and instruments that allow the creation of skills, support enterprise development, also through policies and instruments and adequate learning processes, and nurture a shift of enterprises towards greener and more inclusive business models, products and services, processes and management.