With talks of a recession looming, companies including 7-eleven, Meta, and Netflix are implementing hiring freezes and layoffs. This shift in the job market makes transferrable skills more valuable than ever. Big companies have overstaffed due to Covid-19 staff shortages and now decisions will be made about who to keep and who to release. Workers with transferrable skills are more likely to keep their names off the layoff list.
Transferrable skills are skills that are useful in a variety of roles and industries. They let an employer know you are capable of more than the bare minimum of completing required tasks. Skills such as problem-solving, critical thinking, and project management are highly treasured among employers because they contribute to organizational sustainability and overall success.
Problem Solving
Generally, problem-solving is the ability to solve complex issues or challenges by providing practical solutions. To be a great problem-solver you’ll need to have active listening skills and a solution-focused mindset. There is nothing more frustrating to a manager/leader than someone presenting them with a problem without having thought out a solution. Employers tend to favor employees that help reduce project delays and those who show initiative to find solutions to problems impacting productivity.
Critical Thinking
When organizations need to find better ways to work, reduce lag time, or increase productivity they seek the input of critical thinkers to help them. Workers with critical thinking skills are more likely to make sound decisions without becoming overwhelmed by obstacles. Critical thinkers ask more questions, conduct necessary research and provide the clarity required to avoid possible challenges when planning or completing projects. This skill will help you stand out in times of change and show your ability to lead through adversity.
Project Management
A good project manager provides a clear line of accountability and vision. Without project management, there can be a lack of clarity about processes, timelines, and quality performance standards. When there are organizational or process changes, project managers keep the team focused and moving toward project goals. They provide a realistic idea of expectations and help create stronger results often saving the company time and money.
Bottom line, transferrable skills help you create a unique value proposition in any industry. The key is to develop and practice skills that will help organizations meet and exceed productivity standards, reduce risk, and overcome industry or economic challenges.
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