Forecasting Supply and Demand In the Regional Labor Market: In Search of Optimal Proportions of Financing Vocational Education Institutions In the Region

The main mission of institutions of vocational education is to provide the regional labor market with the necessary personnel, and this is possible only if the network of educational institutions and the list of specialties for which graduates are prepared will be brought into line with the needs of the local labor market. That is why the basis for reforming the system of financing the vocational education institutions in the region should be based on scientifically based forecasts of demand and supply for the relevant working professions. In many countries of the world, funding of colleges, technical colleges and other vocational education institutions is entrusted to local budgets. That is why before allocating funds for the preparation of skilled workers of a particular profession, one must clearly understand the need for these specialists in the regional market. Therefore, the issues of material and technical and financial support for regional institutions of education are directly related to the monitoring of the needs of the regional labor market, the definition of rare occupations.