|
Term |
Definition |
|
CEDEFOP |
European Centre for the Development of Vocational Training. |
|
CIPD |
Chartered Institute of Personnel and Development |
|
DDA |
Disability Discrimination Act |
|
DWP |
Department of Work and Pensions |
|
EEA |
European Economic Area.
In 2010 the EEA comprised all 27 EU member states plus Iceland, Liechtenstein and Norway. |
|
ENI |
Equivalent Net Income.
ENI looks at income at a household rather than an individual level. This is the main measure used in the Department for Work and Pension’s Households Below Average Income (HBAI) publication. |
|
G20 |
The Group of 20 major industrialised countries. |
|
GCSE |
General Certificate of Standard Education.
Standardised examinations taken by 16-year-olds in compulsory education. |
|
GDP |
Gross Domestic Product.
A measure of the value of total economic activity. Gross Domestic Product can be measured in three ways:
· As the sum of all the Value Added by all activities that
· produce goods and services (output);
· As the total of incomes earned from the production of
· goods and services (income)
· As the total of all expenditures made either in consuming finished goods and services or adding to wealth, less the cost of imports (expenditure) |
|
Gini coefficient |
A summary measure of inequality in the distribution of household income. The lower its value, the more equally household income is distributed. The Gini coefficient is a measure of the way in which different groups of households receive differing shares of total household income. |
|
GVA |
Gross Value Added
A measure of productivity. Gross Value Added is the difference between the value of the output produced by a sector or region and its intermediate consumption. Intermediate consumption is the cost of raw materials and other inputs that are used up in the production process. |
|
Hard-to-fill vacancy |
A vacancy classified by the survey respondent as hard to fill. |
|
HTFV |
See hard-to-fill vacancy. |
|
HBAI |
Households Below Average Income
A publication from the DWP. See also ENI. |
|
High level skills |
Defined as NQF Level 4 and above. For example, a university degree. |
|
High performance working |
A general approach to managing organisations that aims to stimulate more effective employee involvement and commitment to achieve high levels of performance. |
|
HPW |
See High performance working |
|
IER/CE |
Institute of Economic Research/Cambridge Econometrics |
|
ILO |
International Labour Organisation
A UN labour market body. ILO produces internationally-comparable unemployment figures. |
|
Intermediate level skills |
Defined as NQF Level 3. For example, A-levels. |
|
ISCED |
International Standard Classification of Education
A UNESCO measurement of education levels. |
|
ISCO |
International Standard Classification of Occupations
An ILO classification of occupations. |
|
LFS |
Labour Force Survey |
|
LMI |
Labour Market Information / Labour Market Intelligence |
|
Low level skills |
Defined as NQF Level 2 and below. For example, below 5 GCSE grade A*-C. |
|
NEET |
Not in Employment, Education or Training |
|
NEP |
National Equality Panel |
|
NESS |
National Employer Skills Survey for England |
|
NIACE |
National Institute of Adult Continuing Education |
|
NSNJ |
New Skills New Jobs
An EU publication looking at future skills needs in Europe. |
|
NQF |
National Qualifications Framework
A UK standardised system of classifying qualifications. |
|
NVQ |
National Vocational Qualification |
|
OECD |
Organisation for Economic Cooperation and Development |
|
Off –the-job training |
Training away from the individual’s immediate work position, whether on the establishment’s premises or elsewhere. |
|
ONS |
Office for National Statistics |
|
On-the-job training |
Informal training and development activities that would be recognised as training by staff, but not the sort of learning by experience which could take place all the time. |
|
Skill gap |
A lack of skills, work experience or qualifications among workers already employed in a job. Note that skills gaps refer to gaps internal to an organisation. For skills shortages in applicants to a role, see skills shortage vacancy. |
|
Skills shortage vacancy |
A subset of job vacancies where a role is hard to fill due to a
lack of skills, work experience or qualifications in the applicants
for the role. Note that SSVs refer to skills shortages external to
an organisation. For skills shortages within an organisation,
see skills gap. |
|
SME |
Small and Medium Sized Enterprise
Defined as a business employing fewer than 250 people. |
|
SSDA |
Sector Skills Development Agency
Now defunct; a precursor of the UK Commission for
Employment and Skills |
|
SSV |
See skills shortage vacancy. |
|
UK Commission |
UK Commission for Employment and Skills |
|
UKCES |
See UK Commission. |
|
Upskilling |
An employer is described as having upskilling needs where they say that any of their staff need to acquire new skills or knowledge over the next 12 months, for example to keep up-to-date with legislative requirements or as a result of the development of new products or services. |
|
WEF |
World Economic Forum |
