There is a very sharp mismatch between student enrollment figures and labor market demand. The Prime Minister of Georgia said this during the presentation of the labor market research results.
“In many specializations, there is either a severe shortage or a significant surplus. We examined five-year labor demand forecasts by professional groups. Demand projections were calculated using the labor market forecasting model developed for Georgia by Cambridge Econometrics and other macroeconomic models. These models take into account major infrastructure projects, including the Anaklia Port project, the Black Sea submarine cable and Vaziani Airport. A comprehensive analysis was conducted”.
He noted that over the next five years, 64 095 individuals with higher education will be needed to enter the labor market - 42 316 in the private sector and 21 779 in the public sector, including replacement demand.
The Prime Minister of Georgia also highlighted the professions most in demand:
“These include secondary school teachers, sales and marketing managers, nurses, doctors, construction managers, programmers, vocational education teachers, construction supervisors, electricians, as well as supply and distribution managers. These professions show the highest demand in the labor market.
At the same time, certain fields show significant oversupply. For example, in law, the average annual enrollment over the past five years was 3598 students, with 2047 graduates annually. This is concerning and indicates the need to qualitatively improve higher education. When only 40% of enrolled students graduate, it signals serious challenges in higher education. In terms of demand, the study found that the labor market needs an average of 678 lawyers per year, while approximately 3600 enroll in law programs and about 2050 graduate annually. This shows how necessary the labor market analysis was. Practically, we were condemning students to obtain diplomas they would never be able to use professionally. Preventing this is the responsibility of the state”, - said Irakli Kobakhidze.