This piece is courtesy of Neil Hardy of High Speed Training in the UK – we have taken large chunks of excerpts from the article
Now more than ever, it feels like the only constant in life is change. The ever-increasing use of digital technology and the effects of automation – often referred to as the fourth industrial revolution – are transforming the jobs market and there is growing demand for ‘transferable’ skills. A recent report from the CBI predicts that nine in ten workers will need some form of reskilling by 2030.
In the past, many people worked for the same employer for their entire career. Nowadays, the situation is very different, with life assurance firm LV reporting that UK workers change jobs on average every five years.
As a result, we all need to develop our knowledge and skills throughout our working lives. Continuous learning has become the norm. Upskilling (refreshing or developing skills to keep up to date with technological and business developments1) and retraining (the process of learning a new vocation or skillset1) are both essential elements of a successful career.
This article examines the importance of transferable skills in today’s rapidly changing jobs market and considers:
What Are Transferable Skills?
Transferable skills are abilities and talents which are relevant to a wide range of different jobs and industries. Given the current pace of change, they are the skills that will be most critical for your future career success.
Transferable skills can be ‘hard’ skills (objective abilities that can be taught and measured – for example, data analysis2), or ‘soft’ skills (sometimes referred to as ‘interpersonal’ or ‘people’ skills, these are subjective and harder to measure – for example, teamwork2).
According to the Niagara Institute, the top transferable skills which appear consistently in studies and articles are:
It can sometimes be difficult to think of real-life examples that demonstrate our transferable skills, as we often use these skills without realising it. For example, putting yourself in the customer’s shoes when dealing with a complaint is an example of showing empathy, which is a type of emotional intelligence. Similarly, understanding your own emotional response to situations and considering how your behaviour affects others is an example of self-awareness, another form of emotional intelligence.
Transferable skills can be developed in other ways, such as at school, college, or university, through voluntary work and placements, and even in social settings – for example, helping to organise events and playing an active role in a community group.
More real-life examples of transferable skills include:
Why Are Transferable Skills Important?
It can be tempting to think that transferable skills are somehow less valuable than technical skills; however, research shows that transferable skills are increasingly attractive to employers and highly sought after.
For employers, transferable skills signal that someone is more likely to make a positive contribution from day one, as they can put their skills to use across a range of job roles and industries. For example, communication skills developed through dealing with customers in a hospitality environment can be applied to a different sector, such as working with children and young people in an education setting.
Employers will still need to provide job-specific training and support – however, individuals can draw on their prior experiences when they encounter unfamiliar situations and apply transferable skills to deal with challenges they face. This is good for the individual’s own professional development and is also beneficial for employers, as it can improve productivity and reduce training costs.
According to a 2019 UK government survey, employers spend an average of £2,540 annually on a new trainee, compared with an average of £1,530 on an existing employee. With the survey also showing that lack of funds is a significant barrier to providing more training, it’s no surprise to learn that transferable skills are in demand.
The reality is that everyone benefits from developing transferable skills. In the current climate, there are signs that employers are becoming more flexible and adaptable when recruiting staff. Considering an individual’s transferable skills during the selection process is one example of this and striving to find the ‘perfect fit’ may not always be realistic, or necessary.
However, even though vacancies are at an all-time high, there is still stiff competition for some roles. Highlighting your transferable skills during the application process and providing real-life examples that show where you have demonstrated these skills, will help you to stand out from the crowd. It could even mean the difference between securing your dream job or missing out.
Research also reveals that technical skills are becoming obsolete increasingly quickly with the ‘half-life’ or longevity of skills falling to around five years. Developing transferable skills such as adaptability and resilience will foster the mindset and attitudes that will enable you to acquire and master new skills throughout your career, regardless of job role or industry. As skills needs continue to evolve and change, the importance of transferable skills should not be underestimated.
How Do I Develop Transferable Skills?
The good news is there are a whole host of ways to develop your transferable skills. These include learning ‘on the job’, formal education programmes, and online, face to face, or blended training courses.