Abstract
This report examines the value of alternative learning opportunities that lead to microcredentials, with a focus on youth, as a flexible and cost effective way of acquiring skills and validating competencies to enhance signalling mechanisms among jobseekers and workers. It also provides an analysis of the current debate on microcredentials globally, including their benefits, challenges, and potential impact on the labour market. Based on four illustrative cases from around the world, the report shows the usage of microcredentials by a sample of governments, companies, international organizations, and non-profit organizations, and sheds light on good practices in developing and deploying microcredentials. We hope this report will serve as a valuable resource for policymakers and other stakeholders that consider introducing microcredentials in their skills development toolkit.
