Improving the Institutional Mechanisms for Integrating the Higher Education Services Market and the Labour Market

This article examines the institutional mechanisms for integrating the higher education services market and the labour market. Drawing on human capital theory and the institutional approach, the study explores the informational and organisational aspects of the mismatch between graduates' competencies and employers' requirements. It substantiates a proposal to integrate workforce demand forecasting, graduate qualification monitoring, and educational programme adaptation through an online labour market system. The scientific contribution lies in explaining the interrelationships among the public sector, higher education institutions, and employers within the author's digital ecosystem model.