The requirements of labour market and the dynamic external environment are the competitive forces asking for a new employee competence – ability to align with the national and international labour market requirements. Routine tasks are progressively being replaced by technology therefore it is expected that in the nearest future there will be a greater need for such skills as independent problem-solving, planning, creative thinking, organisation and communication, even for basic jobs. Accordingly, serious changes are observed in the teaching, learning and assessment methods. The aim of the Paper is to reflect the results of three EU funded projects that were conducted to find out what skills and competences are required by modern labour market for current and future jobs, the problems encountered and the needs experienced in practice, and, finally, student perception about the modern teaching, learning and assessment methods.