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In the knowledge-based economy, strong information literacy skills are highly valued by employers due to their positive impact on productivity, innovation and adaptability. This study proposes a model approach to extended information literacy (EIL) to enhance the workforce potential in the Visegrad Group countries. A comprehensive literature review was conducted, followed by the implementation of a multiple-criteria decision-aid weighting method, resulting in rankings of V4 countries' EIL levels. The study confirms that higher information literacy provides a competitive advantage in the labor market. The methodology serves as a useful comparative tool and an indicator of areas for improvement. The proposed model can be applied, with adaptations to local specifics, to other EU countries as well. The paper's uniqueness lies in filling the gap in understanding the relationship between individual variables (e.g., digital skills, financial literacy, education expenditure in relation to GDP) and the labor market in the context of EIL in the Visegrad Group countries.