Are Skills Gaps Failing Businesses?

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Are Skills Gaps Failing Businesses?

Are Skills Gaps Failing Businesses?

Employers are struggling to find adequately-skilled workers, and a multi-skilled workforce is rapidly becoming the answer.

The UK is in the midst of a skills gap crisis. Research from the City & Guilds Group and Emsi has found that nine out of ten employers are struggling to hire staff with the skills they need, with two thirds of businesses expecting the situation not to improve over the next three to five years. Whether it’s managers or staff, old hands or fresh blood, employed or job-hunting, everyone stands to benefit from learning something new.

Entering the world of work – unprepared
Even those fresh from university find it difficult to keep up. 87% of graduates rate themselves as “extremely” or “mostly” prepared for entering the world of work – but only 50% of their managers agree with them. The most common hard skill that managers felt that graduates were lacking is writing proficiency (44%), followed by public speaking (39%) and data analysis (36%).

Despite their years of formal education, graduates often enter the workplace with little or no actual work experience – which means that they are often lacking in general workplace skills.

Learning a new skill to get ahead
It makes sense that the more skills or training a candidate has, the more attractive they are to a company. It’s not just about the skills themselves: it demonstrates a willingness to learn, dedication to self-improvement, and a well-rounded individual. But additional skills can also correlate with better pay: a PayScale study found that learning Cisco UCCE/IPCC in computer and maths role boosts pay by an average of 22.1% in computer and mathematics roles, and learning mergers and acquisitions skills in a legal occupation can increase a salary by 23%. A little commitment can pay off in a big way.

Which are the most common skills gaps?
The Skills Hub, which identifies businesses’ skills gaps and directs them to the appropriate training, says that certain skills are repeatedly flagged up. Around a third of the businesses they work with need improvement in their digital marketing skills, with general marketing, sales, and IT skills not far behind. These skills are necessary across all sectors but often are neglected by employees who focus on industry-specific technical knowledge.

Bridging the skills gap

Even if you feel qualified in your role, there’s no harm in developing yourself, particularly if you’re in a fast-changing environment such as technology. Smartsociates offers opportunities for learners to connect with tutors on a wide range of topics and sectors. Private tutoring ensures that every aspect of the lesson is tailored to individual needs, and students can learn at the pace that’s perfect for them. Whether it’s managers bolstering the team’s talents or a job-seeker looking for an extra notch on their CV, learning another skill is the perfect way to stand out from the crowd.

4 Responses

  1. Obinna says:

    That’s great as frealancing make you work and earn extra working from your confort.

  2. Pascal says:

    I am very optimistic that the digital revolution will open up opportunities for transformation jobs. However work is becoming more and more modularised and skill life are so short. It means everyone has to stay ahead of the game by adopting unconventional learning methods to keep our skills up to date.

  3. John says:

    Interesting article. I feel that it is important for people to learn and develop their workplace skills in their lifetime so that they can keep up with changing demands.

  4. I’m often to blogging and i really admire your content. The article has really peaks my interest. I’m going to bookmark your web site and keep checking for new information.

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