While prudent management of petroleum profits has led to the accumulation of about 200% of mainland GDP in the Government Pension Fund Global, Norway cannot afford to be complacent in preparing for the future. The widespread use of part-time work arrangements and the relatively low number of hours in the full-time working week reflect a widespread belief in maintaining a healthy work-life balance and may contribute to Norwegians’ high rate of life satisfaction. However, sustaining such a lifestyle requires an efficient and skilled labour force, and a skills system that activates and utilises all available skills.