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STRATEGY FOR RETAINING GRADUATES AND ITS IMPACT ON THE REGION SUSTAINABLE DEVELOPMENT

Liene Resele, Una Libkovska, Indra Kristiana Balode

First published: 2023-10-01https://doi.org/10.5593/sgem2023/5.1/s21.62View metrics

Abstract

In order to reduce the brain drain (outflow of intellectual capital) from the regions and promote a more even population distribution, entrepreneurship development in the regions, and subsequently ensure sustainable development of regions, it is necessary to create and implement business development strategies in the regions and, first of all, to ensure that university graduates stay to live and work in the region. The aim of the research is to find the answer to the question of how to retain graduates in the region - what role do the university, municipality, and employers play, and what actions should be taken by each of the parties, with the focus of this research being on the university. The methods used in the research are a research of scientific sources, analysis of statistical data, and focus group discussion in which students, universities, local governments, and representatives of employers participate. Results of the research show that in retaining graduates, the united cooperation of interested parties is of great importance, where the university must implement study programs that meet the requirements of today's and future international labor market, promote the growth of students as personalities and professionals, and be involved in creating an environment where business ideas can be developed at all stages.

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Publication details

Title
STRATEGY FOR RETAINING GRADUATES AND ITS IMPACT ON THE REGION SUSTAINABLE DEVELOPMENT
Authors
Liene Resele, Una Libkovska, Indra Kristiana Balode
Proceedings
SGEM International Multidisciplinary Scientific GeoConference- EXPO Proceedings; 23rd SGEM International Multidisciplinary Scientific GeoConference Proceedings 2023, Ecology, Economics, Education and Legislation, Vol. 23, Issue 5.1
Publisher
STEF92 Technology
Year
2023
Pages
461-468
SWS Citekey
Resele202321461468
ISSN
1314-2704
ISBN
978-619-7603-60-6
Language
en
Publication type
Conference Paper
Proceedings contents
Open official contents
Keywords
References7
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  2. Bikse V., Libkovska U., Lasinska D., Rivza B. (2020) Evaluation of the possibilities of development of digital competence according to labour market trends in Latvia. IBIMA, 35th International Business Information Management Association Conference, pp.12603-12614. Available: https://ibima.org/accepted-paper/evaluation-of-the possibilities -of-development-of-digital-competence-according-to-labour-market/

  3. Cross-Sectoral Coordination Center. (2020) National Development Plan of Latvia for 2021-2027, Latvia, pp. 1-89. Available: https://www.mk.gov.lv/lv/media/15165/

  4. ERASMUS+ project. (2022) Enhancing development of entrepreneurial strategies at university locations affected by brain drain (ENDORSE) application, pp 157.

  5. Government Office for Science. (2016) Future of Cities: Graduate Mobility and Productivity, pp 1-84. Available: https://assets.publishing.service.gov.uk/government /uploads/system/uploads/attachment_data/file/510421/

  6. Kotavaara N., Kotavaara O., Rusanen J., Muilu T. (2018) University graduate migration in Finland, Geoforum 96, pp 97-107. Available: DOI: 10.1016/j. geoforum.2018.07.010..geoforum.2018.07.010

  7. Larsson J. P., Wennberg K., Wiklund J., Wright M. (2017) Location choices of graduate entrepreneurs, Research Policy 46, pp 1490-1504, 2017. Available: DOI: 10.1016/j.respol.2017.07.004.

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