Mar 26, 2024
It’s a tough job market out there, particularly for those starting on the career ladder. Recent mass layoffs, an unstable global economy, and a lack of key skills are a challenge for universities and colleges looking to create employable graduates.
This raises questions about how a graduate can navigate the job market and what exactly the employers will look for in future roles. Particularly when businesses predict that 44% of workers’ core skills will be disrupted because technology is moving faster than companies can design and scale up their training programs.
But there is a solution - giving students the knowledge and skills that employers value. This will help students to stand out from the crowd by demonstrating hands-on and relevant experience in areas that will impact a business’s bottom line.
In this blog, we will examine student employability trends and highlight key things employers look for in future employees. We will not only explore the skills but also reveal how educators can help students enhance them to create in-demand graduates.
Data is everywhere in a business. It’s used to analyze customer behavior, make data-driven predictions and measure performance. That’s why data literacy is crucial.
It’s also not limited to one or two roles. Regardless of your job function, whether you're an IT manager or social media executive, you will need to analyze data to enhance your company's impact and revenue.
Data literacy can only be achieved if there’s also digital literacy. While many of your students may be digital natives and familiar with digital channels, that doesn’t mean they know how to use them in a business, particularly with the adoption of advanced technologies like artificial intelligence across industries (more on that later).
So how can you as an educator help?
“Analytical thinking, creative thinking and AI and big data will be top in-demand skills by 2027” The World Economic Forum’s Future of Jobs 2023 report
The demand for soft skills has been on the rise across companies in recent years. Employers not only want hard or technical skills related to a role, they also want people with the ability to integrate and work well with others.
That’s where teamwork skills come in. Graduates should have the ability to collaborate effectively within a team, value diverse viewpoints, and contribute to projects or campaigns.
There are many benefits to teamwork in a business such as more effective problem solving, boosting innovation, enhancing personal growth, offering growth opportunities, sparking creativity and reducing employee churn and burnout.
So how can an educator nurture teamwork skills?
It’s the graduates that demonstrate professionalism, dependability, and a robust work ethic that will be valued by employers and more likely to succeed in a job interview.
“The use of teams and collaboration expectations have been consistently rising,” says Dr. Scott Tannenbaum, a researcher and president of the Group for Organizational Effectiveness. “When I say teams, I’m talking about all types of teams, whether it’s stable work teams [or] teams that are operating virtually.”
While companies have been using AI technologies for years for automation and customer service through chatbots, the advancement of generative AI has changed the game for many.
Generative AI presents huge opportunities for businesses to streamline processes and increase productivity. The most well-known generative AI tool is currently ChatGPT but that’s only the start. According to Gartner research, there is huge scope for AI across a business such as:
This means that your students also need to understand and have some experience with AI. The more experience they have, the more they will stand out when it comes to job seeking.
How can you as an educator help?
“63% of employers are more likely to hire someone with an AI certification on their CV. That’s why, 100% of universities we surveyed have considered implementing AI-related courses or programs in their curriculum” DMI survey
The skills companies need and the way people work is constantly changing. This means that employers want employees who are flexible and can adapt to the shifting sands in a workplace with an appetite for learning and growth.
For students, the ability to swiftly adapt to emerging trends, technological advancements, and unpredictable market conditions is essential. It also helps nurture curiosity and creativity allowing them to think and react differently.
Here’s an example of a fixed vs. a growth mindset:
In addition, with industries experiencing rapid transformations and skill requirements evolving at an unprecedented pace, candidates who demonstrate a proactive attitude towards continuous learning and skill acquisition are particularly valued.
Employers seek individuals who not only embrace change but also actively seek out opportunities to upskill and reskill, positioning themselves as invaluable assets capable of thriving in the ever-changing demands of the contemporary workforce.
How can educators help students get flexible skills and a growth mindset?
Emotional Intelligence (EI) is the ability to understand, assess and respond to your emotions and the emotions of others. It’s becoming increasingly valued in the workplace as employers want team members who know how to understand nonverbal cues and adjust their behavior to make good decisions.
EI is particularly important for people in a senior or leadership role (and those wanting to get to that level of position).
The five components of emotional intelligence at work are self-awareness, motivation, self-regulation, social skills and empathy. Each of these works together to create a grounded and well-rounded employee who can work in any situation and with any individual or team.
“How you deal with conflict and setbacks, how you encourage people when they’re down, your ability to negotiate or get things done – all of those things touch on emotional intelligence,” Mark Craemer, a consultant, leadership coach and author of Emotional Intelligence in the Workplace told the BBC. “It's your EQ that enables you to be effective in your role, get promoted and do well in the workplace.”
How can educators help develop and nurture EI?
Leadership is a combination of soft skills such as teamwork, flexibility, creativity, collaboration and emotional intelligence.
Graduates with leadership skills can demonstrate they can grow beyond an entry-level role. This can help them go up the career ladder faster and get into roles that allow them to not only lead projects but also manage people.
It’s never too early to develop leadership skills. For example, volunteering for a charity to being a mentor for another student can help to demonstrate initiative and a desire or natural ability to lead.
So, how can educators help students develop leadership skills?
In such a challenging job market, it’s important for educators to offer opportunities for students to learn key skills that boost their employability. We partner with universities and colleges to provide industry-recognized credentials and professional skills that make job-ready graduates. Find out more about how you can partner with us today!