The Belgian Recovery and Resilience Plan: A fresh impetus to prepare the skills of tomorrow’s workforce? Egmont Commentary 17 May 2021.

Muraille, Marcel (2021) The Belgian Recovery and Resilience Plan: A fresh impetus to prepare the skills of tomorrow’s workforce? Egmont Commentary 17 May 2021. [Policy Paper]

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Abstract

In the context of a fast recovery, training policy is one of the labour market instruments with the most positive effect on employment, but it is also a very expensive one. On 30 April 2021, the European Commission received the consolidated version of the Belgian Recovery and Resilience Plan (RRP), with €950.64 million dedicated to up- and reskilling. Whilst trends such as digital automation, accentuated by the COVID-19 crisis, will profoundly reshape the future of work, the Belgian RRP could contribute to a successful transition towards new occupations, hence acting as a counter-cycled economic measure by mitigating broader social consequences. The success of this operation will be tributary to its magnitude, its promptness of response, and its capacity to target the most vulnerable persons.

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