Could Transferable Skills help bridge Industry Skill Gaps?

COVID-19 is not going away and even if it is fully controlled, its impact on the job market and employment will be long lasting. Many people have found themselves redundant and others have the threat of losing their job looming. Before now, many people felt confined to their chosen industry area, but with the changing work environment there comes a change in opportunities and mindsets towards what people can and should do.

Totaljobs interviewed 5000 people and 23% believe they will change their job in the next twelve months, with 50% believing they would change jobs within the next two years. Change seems to be a key defining factor of the workplace at present and with this in mind, it is worth looking at how you could change your skills profile and advance your work opportunities in your current role, or be considered for others in the same company which require a different skillset.

Transferable Skills add Value and Plug Gaps

PwC’s Annual CEO Survey 2020 puts real emphasis on the need to invest in and value soft skills to address current skills gap in many industries. They even go as far as to assert businesses should eb building transferable skills in their employees and helping them be the best and most valuable version of themselves to improve their prospects.

Similarly, a report from London First and Lloyds Banking Group looks specifically at the role transferable skills can play in driving change in skills performance post-COVID-19. While this report is a little London-centric, it does explore how recognising and embracing the transferable skills within a business can be key to its recovery and the wider economy’s recovery too.

It explores how businesses should look at focusing on ‘soft skills’ as well as other approaches to reskilling their workforce in line with the government funding provided to help people hone new skills.

In-Demand Transferable Skills

Transferable skills are often hidden or sometimes the person possessing the skills doesn’t know they’re experienced in the area at all. Some of the most valuable and in-demand transferable skills in the current climate include:

·       Resilience

Resilience and the ability to adapt to change is something all employers are looking for at the moment. Being able to find solutions or easily adapt in unexpected circumstances is a highly valued characteristic.

·       Leadership

Even new employees in junior roles may naturally have leadership qualities. Typically linked to management positions, you may find even the most junior employees can organise and manage those around them successfully.

·       Communication

Particularly valuable in the current climate, the ability to communicate effectively cannot be underestimated. Being able to effectively communicate with people on different levels and in different ways is essential to succeed in businesses, whether you’re simply engaged with colleagues or members of the public.

Transferable skills often go unnoticed, but they cannot be undervalued. They could be key to finding a new career, developing your current one or from the perspective of an employer or business owner, essential for business growth and development.