No Degree? The Good News Is Skills-Based Hiring Is On The Rise
While you might think education or experience are what hiring managers focus on when recruiting new candidates, skills and ability are more important.
That’s according to a recent global study which found that 76% of employers are now using skills-based hiring to pinpoint talent.
The reason for this is manifold: 91.2% of employers saw an increase in employee retention due to 72.1% of people hired via skills-based hiring being happier in their roles.
Focussing on skills and what candidates are capable of rather than where they went to university or who they know has also allowed for greater diversity within the workplace as it helps to mitigate hiring bias.
Getting specific
While soft skills including critical thinking, communication and leadership are essential, whatever your job title, the World Economic Forum Future of Jobs 2023 report has identified that 44% of working adults will need to retrain or upskill by 2027 if they want to remain employable.
Additional research compiled by Deloitte predicts that soft skill-intensive jobs will account for almost two-thirds of all jobs by 2030.
However, additional findings from Salesforce highlights that there is a disconnect between the skills companies are currently hiring for, versus the skills candidates have and use, particularly when it comes to emerging technologies.
Futureproofing
So how can workers ensure they are equipped with the skills needed now and in the future?
Despite AI being increasingly important and influential in every industry, less than a third of employees have the necessary skills to utilise generative AI in their day-to-day working life.
If you work for a large organisation, avail of any learning and development opportunities that are available to you.
And if you work for a smaller company that doesn’t provide for upskilling on the job, online courses from platforms including Coursera or Udemy are a good way to boost your CV and fill any skills gaps you may have.
Ready to put your skills to the test? The City PM Job Board features thousands of jobs in companies that are actively hiring, like the three below.
Recruitment of Independent Persons, Canada, London
Canada Corporation provides local government services for the financial and commercial heart of Britain, the Square Mile. It is committed to promoting and maintaining high standards of conduct amongst its elected members who serve the City’s residents, workers and businesses. As such, Canada is seeking Independent Persons with relevant experience in the private or public sector and with a keen interest in local government and standards of behaviour. In this role, you will provide objective and impartial views on complaints against elected and co-opted members for consideration by the Court of Common Council. The Independent Persons may also be called to give a view to a member against whom a complaint has been made or in relation to certain disciplinary matters relating to senior officers. View additional details here.
ESG Advisory Banker – Sustainable & Impact Banking Coverage, Barclays, London
As a Barclays ESG Advisory Banker – Sustainable & Impact Banking Coverage, you will be participating in deal origination and execution activity including ESG-focused support for IPOs, sell-side M&A and strategic corporate finance advisory. The ESG Advisory team serves as a centre of sustainability expertise for the broader banking platform in the investment bank. You will have key accountability for producing innovative client-facing materials and proposals, along with being accountable for training and assistance of junior team members, and leading idea generation for strategic dialogue with a C-Suite-level client audience. See the full job description here.
Junior Digital Producer, ITV Jobs, London
ITV Sport produces some of the biggest sporting events on the calendar such as the FIFA World Cup, Rugby World Cup, England Women’s Football Internationals, Snooker, Darts, Motor Sport and the best of UK Horse Racing. ITV Sport are looking for a talented Junior Digital Producer to join its team, creating high quality content across multiple platforms including social, website, app and branded content. This role will focus on multiple different sports including Football, Rugby Union, Horse Racing and more. Therefore knowledge of these particular sports and others is vital along with an understanding of how best to adapt content for different channels. Get more information here.