We hereby present an initial review of the results acquired in the first round of the study which is part of the Study of Human Capital project conducted by the Polish Agency for Enterprise Development (PARP) in partnership with the Jagiellonian University to the people responsible for planning human capital develop ment policies, and all groups and individuals interested in the current situation in the supply and demand of competences on the Polish labour market. The data was collected by Millward Brown SMG/KRC. The study is aimed primarily at the diagnosis of the demand for employees with specific competences and the availa bility of these competences on the labour market, among both people who have already completed their education and those who are still in education yet are coming to the end of a significant stage of it: upper secondary school or first or second-stage degree education. These are the results of the first round of the study (of the planned five), which will allow a snapshot to be taken of not only the state but also the trends concerning the supply and demand for human capital.