Milena Shehu – Faculty of Economy, University of Tirana, Rruga Arben Broci 1 1001, Tirana, Albania
Areti Stringa – Faculty of Economy, University of Tirana, Rruga Arben Broci 1 1001, Tirana, Albania
Keywords:
4th Industrial Revolution;
Employability;
Skills gap
Abstract: The labor markets are undergoing significant changes as a result of the fourth industrial revolution’s implementation in every sphere of the economy. One easy image may come to mind when you hear the term “digital economy”: a robot employee, designed to perform specified tasks automatically. In any case, digitalizing employability entails more than just applying AI codes; it also entails raising performance standards, emphasizing soft skills among workers, eliminating low – and middle-level roles, and increasing demand for highly qualified workers.
Albania has made significant strides toward economic digitalization. Numerous businesses, especially large ones, are spending money to advance the technologies they work with. Technological developments at the macroeconomic and sectoral levels are fundamentally changing the work market and employability in our country, having a significant impact on both employers and employability.
6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Conference Proceedings, Hybrid (University of Maribor, Slovenia), October 27, 2022
ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania
ITEMA Conference 2022 Conference Proceedings: ISBN 978-86-80194-63-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2022
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Shehu, M., & Stringa, A. (2022). Effect of the 4th Industrial Revolution on Employability – Case of Albania. In V. Bevanda (Ed.), International Scientific Conference ITEMA 2022: Vol 6. Conference Proceedings (pp. 273-276). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ITEMA.2022.273
References
INSTAT. (2021). ‘Usage of Information and Communication Technologies in Enterprises’,
Schwab, K. (2016). ‘The Fourth Industrial Revolution’, World Economic Forum.
Science, technology, R&D and innovation in Albania (September 2020). Weekly Briefing, Vol. 32, No. 2 (Al),
VENDIM. (Nr. 370, 1.6.2022). Për miratimin e strategjisë ndërsektoriale “Agjenda digjitale e Shqipërisë” dhe të planit të veprimit 2022–2026. https://akshi.gov.al/wp-content/uploads/2022/06/vendim-2022-06-01-370-Agjenda-Digjitale-e-Shqiperise-22-26-dhe-plani-i-veprimit.pdf
Western Balkan Labor Market Trends. (2020). https://wiiw.ac.at/western-balkans-labor-market-trends-2020-dlp-5300.pdf
World Economic Forum Annual Report. (2021-2022). https://www3.weforum.org/docs/WEF_Annual_Report_2021_22.pdf
