consider economic criteria in decision making

Develop proposals and take appropriate decisions taking into account economic criteria.

ESCO classifies consider economic criteria in decision making under the skills category, specifically in the making decisions subcategory.

McKinsey's Skill Change Index places it in the declining band (SCI 68.76/100) — a skill likely to fall in demand as AI and automation cover more of its ground by 2030. Prioritise this skill only when it directly enables paid work today — plan for AI to absorb more of it every year.

In our catalogue, 3 occupations list consider economic criteria in decision making as a required or important skill. The top occupations by employment volume include Economists, consul, economic policy officer.

ESCO tags consider economic criteria in decision making as a cross-sector (useful across many industries) skill — a signal of how portable it is when you change field.

Yes — consider economic criteria in decision making is also known as take decisions considering economic criteria, include economic considerations in decision making, assess economic factors in proposal development, make decisions considering economic criteria, consider economic factors in decision making, analyse economic impacts in decision making, make decisions considering economic factors, or incorporate economic considerations into decision making. They refer to the same underlying capability in the ESCO taxonomy.

The most reliable path is to pick a job or project that demands consider economic criteria in decision making and learn through delivery. Complement that with role-specific roadmaps and short courses. Explore the occupations below to see where this skill is used in practice.