This document discusses ways for individuals to increase their employability and skills through further education or on-the-job training. It notes that while having any degree increases employability, the type of degree matters - degrees in fields like engineering and computer science tend to have higher employment rates. It also discusses the pros and cons of different types of further education like Masters and PhD programs versus on-the-job training. Employees are increasingly taking control of their own career development through various training options. Soft skills are also important for differentiating oneself in the global employment market.
If Asia's organisations are going to access enough 'value-creating' talent to capture the opportunities that are now in view, they're going to need to embrace better, smarter talent management and attraction strategies. They will need to embrace flexibility in their workforces in order to:
Fill critical skill gaps in a timely and efficient way
Keep talent engaged and retained, even across borders
In this ebook, you will learn what innovative colleges, students, and employers are doing with their experiential practical learning to succeed in the 21st century.
What would happen to an organization if its goals did not account for external threats and shifting marketplace realities? What challenges will a business face if it doesn’t have sound measures and an effective performance management system, and why?
Addressing the Top IT Hiring Challenges | WhitepaperACTIVE Network
The need for high-quality IT workers is increasing at a rapid pace, but the pool of potential candidates is smaller than ever – which goes a long way towards explaining why nearly 60% of companies are reporting that open IT positions are currently going unfilled. But that’s not the whole story - the challenges in this candidate-driven employment market are many. And some of the moves being made by candidates to leverage the situation (and by companies to try and control it) are only contributing to the ever-increasing complexity of the hiring process. - See more at: http://pages.xtglobal.com/Addressing-Top-IT-Hiring-Challenges-Download-Page.html#sthash.LmOl81b4.dpuf
As part of the AKQA Future Academy we were set the brief by a recognised high street bank to create a product or service that would define the student experience of tomorrow. This was in order to help the client capture a greater proportion of the student market. We pushed back on the clients understanding of a student and presented to them our product, UpSkill.
If Asia's organisations are going to access enough 'value-creating' talent to capture the opportunities that are now in view, they're going to need to embrace better, smarter talent management and attraction strategies. They will need to embrace flexibility in their workforces in order to:
Fill critical skill gaps in a timely and efficient way
Keep talent engaged and retained, even across borders
In this ebook, you will learn what innovative colleges, students, and employers are doing with their experiential practical learning to succeed in the 21st century.
What would happen to an organization if its goals did not account for external threats and shifting marketplace realities? What challenges will a business face if it doesn’t have sound measures and an effective performance management system, and why?
Addressing the Top IT Hiring Challenges | WhitepaperACTIVE Network
The need for high-quality IT workers is increasing at a rapid pace, but the pool of potential candidates is smaller than ever – which goes a long way towards explaining why nearly 60% of companies are reporting that open IT positions are currently going unfilled. But that’s not the whole story - the challenges in this candidate-driven employment market are many. And some of the moves being made by candidates to leverage the situation (and by companies to try and control it) are only contributing to the ever-increasing complexity of the hiring process. - See more at: http://pages.xtglobal.com/Addressing-Top-IT-Hiring-Challenges-Download-Page.html#sthash.LmOl81b4.dpuf
As part of the AKQA Future Academy we were set the brief by a recognised high street bank to create a product or service that would define the student experience of tomorrow. This was in order to help the client capture a greater proportion of the student market. We pushed back on the clients understanding of a student and presented to them our product, UpSkill.
Discover the advantages that can come with a bachelor’s or master’s degree in business and how a business degree can set you apart in the eyes of a hiring manager. Learn more at http://www.aiuniv.edu/degrees/areas/business.
Access MBA Guide, the organisers of the Access MBA tours, interviewed me for the 2013 edition of their global publication for the MBA and Executive MBA students
Today, Asia-Pacific—and in particular the fast-emerging
nations in its midst—is once again taking centrestage in
the worldwide marketplace. This is the Asian century, and the region’s organisations—
as well as the talented individuals that lead them—
are going to need to adapt, fast.
Future of Business Education - working documentRoss Wirth
Summary of issues facing business education including some analysis of criticisms from hiring managers, what it means to be a College of Business, and emerging trends.
The 2013 Kelly Global Workforce Index (KGWI)
brings work and workplace insights sourced from
more than 120,000 respondents from 31 countries
across the Americas, EMEA and APAC regions.
This fourth installment, on the topic of Social
Media and Technology examines the way that
social media is impacting on job selection, career
choice and recruitment in general. Just as social
media has changed the nature of communications
across communities, it is breaking down barriers
in the workplace. Employees are more social
and more connected, and want access to the
technologies and platforms that will enable them
to share their working lives with a wider audience.
How ready are our workplaces for these changes? Are L&D and HR professionals pro-actively contemplating innovation in the way learning is conceptualised and delivered?
Will 2020 look drastically different from how L&D is deliveredin 2015? This report provides insights into learning & development (L&D) priorities, future trends and aspirations. It also provides benchmarks into prevalent practices from organisations across the GCC region and beyond.
Two major Fortune 500 employers have made headlines recently by announcing that they are eliminating or significantly reducing opportunities for their employees to work remotely. This new ebook authored by Linda Stuit is covering the topic of working remotely and what it means for employers and employees.
If you are planning to do your MBA then there are things you should know about the MBA Degree. Especially MBA Degree in India shouldn't be taken easily. Follow these tips.
BUSINESS SCHOOL MAKEOVER; A INDUSTRY PERSPECTIVEIJITE
Business schools across the United States and abroad are always on a catchup mode with the industry expectations. Why business schools are not front runners in training students for industry and consulting? Authors of this article discuss this topic by first setting the expectations from the industry and then how business schools can cope up with the evolving trends. Many authors ([1], [11], [13]) have identified the skill gaps in the industry and how business schools can work towards bridging the gap. There are research reports such as [13], that identified the misconception about the business schools expectations based on a survey of business school leaders globally (excluding China and USA). In the USA, even though business schools have strived hard to create an industry pro-environment in the class rooms, the gap continues to exist. The authors of this article address the industry needs first and explore potential solutions to address the skills gap
Netherlands has the most flexible workforce in the world. How come?VBSearch
Dutch employees are the most flexible in the world. They adapt best to changing conditions in the labor market . This finding comes from a new PwC research, commissioned by LinkedIn in 11 countries.
Dutch professionals strive because of their great ability to adapt and thus are two times more productive than workers in less flexible markets. Mismatches between talent and opportunity, cost the global economy more than € 110 billion in lost productivity and avoidable recruitment fees.
How to Audit Your Graduate Attraction StrategyNathan Ouriach
Over the last six months GradTouch has collaborated with HR leaders, recruiters and marketers to put traditional graduate attraction strategies to the test.
How did we do it? We created a set of 40 simple, straightforward yes/no questions and asked them to companies across the UK. The only requisite for people taking part was that they were involved in hiring graduates. With the current landscape of the graduate market in mind, we built questions designed to challenge the seven key parts of a company’s strategy:
1. Employer Brand
2. Video
3. Website
4. Content
5. Social Media
6. Attraction
7. Reporting
Cycling through the 21st Century Career: Putting Learning in its Rightful PlaceCognizant
Based on our primary research, we've developed a brand-new career model that values continuous learning to usher in a new era of work fit for the 21st century.
Discover the advantages that can come with a bachelor’s or master’s degree in business and how a business degree can set you apart in the eyes of a hiring manager. Learn more at http://www.aiuniv.edu/degrees/areas/business.
Access MBA Guide, the organisers of the Access MBA tours, interviewed me for the 2013 edition of their global publication for the MBA and Executive MBA students
Today, Asia-Pacific—and in particular the fast-emerging
nations in its midst—is once again taking centrestage in
the worldwide marketplace. This is the Asian century, and the region’s organisations—
as well as the talented individuals that lead them—
are going to need to adapt, fast.
Future of Business Education - working documentRoss Wirth
Summary of issues facing business education including some analysis of criticisms from hiring managers, what it means to be a College of Business, and emerging trends.
The 2013 Kelly Global Workforce Index (KGWI)
brings work and workplace insights sourced from
more than 120,000 respondents from 31 countries
across the Americas, EMEA and APAC regions.
This fourth installment, on the topic of Social
Media and Technology examines the way that
social media is impacting on job selection, career
choice and recruitment in general. Just as social
media has changed the nature of communications
across communities, it is breaking down barriers
in the workplace. Employees are more social
and more connected, and want access to the
technologies and platforms that will enable them
to share their working lives with a wider audience.
How ready are our workplaces for these changes? Are L&D and HR professionals pro-actively contemplating innovation in the way learning is conceptualised and delivered?
Will 2020 look drastically different from how L&D is deliveredin 2015? This report provides insights into learning & development (L&D) priorities, future trends and aspirations. It also provides benchmarks into prevalent practices from organisations across the GCC region and beyond.
Two major Fortune 500 employers have made headlines recently by announcing that they are eliminating or significantly reducing opportunities for their employees to work remotely. This new ebook authored by Linda Stuit is covering the topic of working remotely and what it means for employers and employees.
If you are planning to do your MBA then there are things you should know about the MBA Degree. Especially MBA Degree in India shouldn't be taken easily. Follow these tips.
BUSINESS SCHOOL MAKEOVER; A INDUSTRY PERSPECTIVEIJITE
Business schools across the United States and abroad are always on a catchup mode with the industry expectations. Why business schools are not front runners in training students for industry and consulting? Authors of this article discuss this topic by first setting the expectations from the industry and then how business schools can cope up with the evolving trends. Many authors ([1], [11], [13]) have identified the skill gaps in the industry and how business schools can work towards bridging the gap. There are research reports such as [13], that identified the misconception about the business schools expectations based on a survey of business school leaders globally (excluding China and USA). In the USA, even though business schools have strived hard to create an industry pro-environment in the class rooms, the gap continues to exist. The authors of this article address the industry needs first and explore potential solutions to address the skills gap
Netherlands has the most flexible workforce in the world. How come?VBSearch
Dutch employees are the most flexible in the world. They adapt best to changing conditions in the labor market . This finding comes from a new PwC research, commissioned by LinkedIn in 11 countries.
Dutch professionals strive because of their great ability to adapt and thus are two times more productive than workers in less flexible markets. Mismatches between talent and opportunity, cost the global economy more than € 110 billion in lost productivity and avoidable recruitment fees.
How to Audit Your Graduate Attraction StrategyNathan Ouriach
Over the last six months GradTouch has collaborated with HR leaders, recruiters and marketers to put traditional graduate attraction strategies to the test.
How did we do it? We created a set of 40 simple, straightforward yes/no questions and asked them to companies across the UK. The only requisite for people taking part was that they were involved in hiring graduates. With the current landscape of the graduate market in mind, we built questions designed to challenge the seven key parts of a company’s strategy:
1. Employer Brand
2. Video
3. Website
4. Content
5. Social Media
6. Attraction
7. Reporting
Cycling through the 21st Century Career: Putting Learning in its Rightful PlaceCognizant
Based on our primary research, we've developed a brand-new career model that values continuous learning to usher in a new era of work fit for the 21st century.
This report is for managers, human resourcing and owners of technology companies, or those responsible for a technology department. The purpose of the report is to highlight ways of retaining technical talent.
The immediate answer to the question "what after graduation", without any second thought or hesitation would be - either an MBA or something
http://kirandeshmukhblog.website2.me/mba
The Real Economy in the Long RunPurpose of Assignment Students.docxoreo10
The Real Economy in the Long Run
Purpose of Assignment
Students examine the long-run determinants of both the level and the growth rate of real GDP per person and the factors that determine the productivity of workers and what governments might do to improve the productivity of their citizens. Students will learn how saving and investment are coordinated by the loanable funds market and will see the effects of taxes and government deficits on saving, investment, the accumulation of capital, and ultimately, the growth rate of output. Students will be introduced to tools that people use when they participate in financial markets. Students will see how people compare different sums of money at different points in time, how they manage risk, and how these concepts combine to help determine the value of a financial asset, such as a share of stock. Students will be introduced to the labor market and how economists measure the performance of the labor market using unemployment statistics. Students will address a number of sources of unemployment and some policies that the government might use to lower certain types of unemployment.
Assignment Steps
Resources:National Bureau of Economic Research
Scenario: The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. It is your team's task to determine where, outside the United States, your organization should locate its new manufacturing plant.
Write a 1,050-word report recommending an off-shore country and support your choice with the following data:
· The factors determining the country's productivity
· How the country's policies influence its productivity growth
· How the country's financial system is related to key macroeconomic variables
· How your organization can reduce the risk they would face in relocating
· The current and projected unemployment over the next five years
Cite a minimum of three peer-reviewed sources not including your textbook.
Format the assignment consistent with APA guidelines.
8/20/2018 It Takes More than a Major: Employer Priorities for College Learning and Student Success: Overview and Key Findings | Association of A…
https://www.aacu.org/leap/presidentstrust/compact/2013SurveySummary 1/3
Association of American Colleges & Universities
A VOICE AND A FORCE FOR LIBERAL EDUCATION IN THE 21ST CENTURY
Give to AAC&U
Home › About LEAP › LEAP Presidents' Trust Employer-Educator Compact › It Takes More than a Major: Employer Priori�es for College Learning and Student Success: Overview and Key
Findings
It Takes More than a Major: Employer Priorities for College Learning and
Student Success: Overview and Key Findings
A 2013 Na�onal Survey of Business and Non Profit Leaders
See 2015 Employer Survey Data
Especially since the recent economic downturn and in light of the increasingly compe��ve global economy, employers express concerns about
whether the ...
A Masters in Business Administration (MBA) is a one-year professional business degree. Earning this degree adds some expected as well as unexpected benefits to one's life. The bulk of these benefits extends beyond career and other professional goals. It greatly applies to our daily lives as well. Oftentimes, people are indecisiveness about pursuing an MBA and what benefits a 1 Year MBA degree will afford them. Consider these benefits detailed below, you may be surprised.
As a pioneer in the staffing industry, and in the study of workforce preferences, Kelly takes a high-level look at collaboration as it pertains to the global worker today. In addition to analyzing worker preferences and psychographic insights based on survey data from the 2015 and 2014 Kelly Global Workforce Index™ (KGWI), this report pulls insights from Kelly Free Agent research (2015) survey data and other research sources. Unless otherwise noted, all statistics come from recent Kelly workforce research data.
Maßnahmen gegen den Fachkräftemangel in Europa in den Bereichen Mathematik, Informatik, Naturwissenschaft und Technik: Warum eine Strategie der Inklusion entscheidend ist.
Wenn wir den massiven Fachkräftemangel in den MINT-Berufen (Mathematik, Informatik, Naturwissenschaft und Technik) in Europa lindern wollen, müssen wir schleunigst damit beginnen, mehr Frauen einzustellen. Und wir müssen dabei an einem Strang ziehen. Zur Optimierung des MINT-Talentepools durch größere Diversität bedarf es jedoch mehr als nur ein wenig zusätzlicher Mühe bei der Personalanwerbung. Vor allem gilt es, ein Klima der Inklusion zu schaffen, das die Einstellung und Bindung von Frauen in der MINT-Branche begünstigt. Gleichzeitig müssen Unternehmen die Beseitigung von Vorurteilen und Barrieren zur Priorität erheben und zur Chefsache erklären; Führungskräfte müssen aktive Unterstützung leisten und institutionelle Verantwortung übernehmen. Des Weiteren ist es von wesentlicher Bedeutung, Frauen in diesen Berufen ein besseres Mentoring zu bieten und die Diversität weiter zu erhöhen. Denn es steht eine ganze Menge auf dem Spiel – und das betrifft nicht nur Ihr Unternehmen, sondern die Zukunft der Branche in ganz Europa.
Als Pionier auf dem Gebiet der Personaldienstleistungen und der Erforschung von Arbeitnehmervorlieben bietet Kelly Services eine umfassende Analyse, die verdeutlicht, weshalb es so wichtig ist, gegen die Unterrepräsentation von Frauen in Europas MINT-Branche anzugehen. Dabei untersuchen wir auch, welche Faktoren Unternehmen berücksichtigen müssen, um diese Spezialistinnen langfristig zu binden.
Neben der Analyse von Arbeitnehmervorlieben und psychographischen Einblicken auf Grundlage der Umfrageergebnisse aus dem Kelly Global Workforce Index von 2014 und 2015 werden in diesem Bericht auch Erkenntnisse aus der Kelly Free Agent Research-Studie von 2015 und sekundären Quellen berücksichtigt. Sofern nicht anders angegeben, stammen alle Statistiken aus aktuellen Arbeitsmarktstudien von Kelly.
The Kelly Global Workforce Index (KGWI) is an annual global survey that is the largest study of its kind. In 2015, Kelly collected feedback from 164,000 workers across 28 countries across the Americas, EMEA, and APAC regions and a multitude of industries and occupations.
This study is taking a high level look at:
- Work-Life Design as it pertains to the global worker today.
- Women in STEM Talent Gap - a study that at the gap of women talent in STEM – Science, Technology, Engineering and Math – fields.
- Career Management – specifically the emerging trend of do-it-yourself (“DIY”) career development – as it pertains to the global worker seeking to be as resilient as possible in today’s uncertain environment
- Collaborative Work Environment as it pertains to the global worker today.
Here is our second global report on the topic Women in STEM.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
2. 2
Having a degree doesn’t guarantee you a job in your chosen field, and the cost of attaining one
is growing. However, recent OECD data shows that having any degree at all increases your overall
employability:
Around 85% of the population with higher/tertiary education is employed, yet this figure
is just 76% for people with post-secondary/non-tertiary education, and just 56% for those
without an upper-secondary education.
However, in terms of your earning potential, are two degrees better than one? Is a PhD better
than a Master’s? Does it really matter which university you attend?
The question many employees want to know is, “When do you hit the cost-benefit ceiling regarding
your education?” At what point should you forget about more education and focus on gaining more
practical experience? Or should you expect that you will always need do both?
Here, we look at the pros and cons of on-the-job versus formal training, and what the best strategies
for improving your career prospects really are.
How much education
is enough?
4. 4
Education
and the supply-demand curve
Among 25- to 29-year-old graduates in the European Union, unemployment rose from 7% to 9.2% between 2008 and 2011.
While this was a large increase, the outlook was much worse for young people with only basic education—unemployment rose
from 16.1% to 24.3%. Statistics like this remind us that higher education does:
1. Increase the likelihood of finding a job
2. Decrease the likelihood of being outsourced or laid-off during downturn or market volatility
However, rising tuition fees across much of the western world makes the economic benefits of gaining a degree in the traditional
full-time/three-year timeframe harder to support, particularly given a Bachelor degree doesn’t guarantee you a job (and hasn’t
for quite some time now).
The first step in the right direction is to look at the data on employment prospects of each degree. Gaining the right skills—
those in highest demand—is as important as gaining the right level of qualification from the right institution.
Different degree, different employment prospects:
Data from Unistats shows that the following proportions of graduates secure a job related to their studies within
six months: 51% of graduates with a business administration degree 78% of those with a civil engineering degree
73% of those with a computer science degree.
5. 5
To 10 University degrees for securing a job
(% of graduates 2010-11 that either found a job or entered further education
within 6 months of completing their first degree)
99.4% 94.8% 94% 91.9% 91.3% 90.9% 90.3% 90.1% 89.9% 89.9%
Medicine, dentistry
& vet science
Education
Subjects allied
to medicine, including
neurology and
biomedical science
Law
Agriculture
(and related subjects)
Biological sciences
Languages
Historical
& philosophical studies
Mathematical sciences
Physical sciences
6. 6
How qualified should you be?
As the list on the previous page shows, those degrees with the highest employment rates also tend to require
more post-graduate study. Just how qualified you need to be to get a great job will depend upon:
Your age and stage of career: the younger and less experienced you are, the more doors that higher
education will open.
Your field of study/expertise: If you’re in one of the Scientific, Technology, Engineering or Mathematic fields in particular,
a good degree with more post-graduate study will give you better employment prospects.
Your management/leadership ambitions: again, depending on the field you’re in and the size of
organisation you work for, work experience may be more valuable than extra qualifications. However,
if you want a leadership role when you’re still relatively inexperienced, or you wish to change industries
without taking a step backwards, you may need to prove you have the management theory behind
you first.
Either way, the strongest trend seems to be that workers are taking greater control of their own career
development. According to the 2013 Kelly Global Workforce Index, over 60% of workers are either actively
pursuing education/training for a new field of work (23%) or are considering doing so (38%).
Typically, the older we are, the more we will look for on-the-job opportunities for training and development.
7. 7
Which of the following methods is most desirable to you
in terms of your skill development?*
The top way managers can improve job satisfaction is: to provide training opportunities (53%).
70% 58% 31% 26% 19% 19% 18% 16% 2%
On the job experience
Continued education/
training
Professional
certification
Seminars/webinars
Structured mentoring
Special/stretch/
rotational assignments
Job sharing
Professional organisation
membership Other
8. 8
The rise of the MBA
They’ve been around in Europe since the 1950s, and in the U.S. for quite a lot longer, but holders of a Masters of Business Administration
qualification have grown significantly in recent decades. For some organisations, holding an MBA is now a pre-requisite for an interview.
Two trends in this qualification are occurring:
2
1 MBA holders are getting younger: The average age of a full-time MBA student at Harvard Business School
is just 27 years of age, and many schools in the U.S have an even younger student profile for MBA courses.
Typically, upwards of 80% of students within the programs are younger than 30 years of age. Statistics for the
London Business School MBA reveals that students, on average, have just 5.5 years of work experience.
Hiring intentions for MBA holders in growth sectors is increasing:
The Wall Street Journal’s recent article on the rate of growth for MBAs seems to point to uneven hiring intentions.
The technology and energy sectors far outpace financial services (and even consulting) in their intentions to hire MBA
graduates. In fact, the number of tech companies planning to hire MBAs rose 22% between 2011 and 2012, and in
particular, demand for students with quantitative skills who can analyse user data and apply it to strategic expansion
and marketing plans is on the up and up. Yet, demand seems to be virtually flat from the financial services sector.
9. 9
The rise of the MBA
Percentage of companies that hired/plan to hire new M.B.A. employees
2008: 59%
2009: 50%
2010: 62%
2011: 72%
2012: 79%*
* planned hires
Source: Graduate Management Admission Council (survey of more than 800 companies worldwide) & the Wall Street Journal
Statistics like these indicate that:
Growth industries may look for MBAs as a way of determining leadership ability in an inexperienced talent pool: there may be
greater benefit in gaining an MBA if you plan to work in growth industries such as technology and sciences. This is because
employers will be more likely to be hiring in a tight talent market, and will look for skilled (although not necessarily experienced)
managers to lead their growth trajectory. Sometimes, an MBA may be the only way to determine who these candidates are.
The cost of MBAs means younger students gain the greatest ROI: Given that MBAs can cost up to 75,000 EUR, gaining them
later in life leaves fewer working years to pay back the investment.
Whether or not an MBA improves the salaries and employability of already experienced talent is difficult to conclude. Research
on MBA salaries shows that, on average, MBA programs do lead to higher salaries for graduates. Yet, these qualifications are
hard to justify for older, more experienced candidates. If fast, early promotion is your goal and you have the time, resources
and aptitude to study at a great school with a good reputation, an MBA will probably pay off.
10. 10
Demonstrate your soft skills
It’s not only the economic trends within a single country that will shape the careers of the future, but the trends of other nations operating
on the world stage as well. This economic shift is something critical for prospective employees to understand because the barriers to virtual
working are diminishing every day, meaning both employee and employer can cast their net for skills much, much wider.
In the globalised employment market, differentiation is key. If your skillset is easily outsourced or commoditised, your employment
prospects will be diminished. So, to be marketable and attractive to corporates and outsourcing firms that will help you access these
networks, you need to know that you’re offering what employers want.
Our research shows that these ‘soft’ skills feature prominently in workers’ toolkits:
77% 72% 69% 70%
Cooperation/ Active listening Verbal Organisation/attention
teamwork communication to detail
How you demonstrate your application of these skills in your chosen industry is important. Look for ways to demonstrate your soft skills
in ways might help you stand out from the crowd such as:
Leading online working groups and think-tanks such as LinkedIn Groups in your field can prove you have cooperation/teamwork skills.
If the Group is successful and influential, it’s proof that you’re able to connect the right people together, stimulate discussion and share
knowledge. Host webcasts or speak at events in your field to demonstrate your verbal communication and presentation skills.
Our research also shows that the skills workers are most likely to say need further development are:
64% 41% 37%
Bilingual Leadership/ Creativity/
skills initiative innovation
If you can prove you have these in both online and offline environments, you are already on the way to differentiating yourself from others
with similar qualifications.
11. 11
Conclusion
More education improves your employment prospects—that much is true. However, weighing up the return
on investment for every qualification you gain is becoming more important as people change careers, job tenure
shortens and the need to gain new skills never ceases.
As workers move through their career, the more difficult it becomes to gain specific skills in formal settings in cost-
effective ways. That’s why organisations and the people who work for them must make informed decisions about how
they gain skills that increase their employability and productivity. They must know the supply-demand dynamics for the
market they operate in, and they must look for creative but relevant ways to differentiate themselves from other
candidates.
Knowing your career goals, what you expect to gain out of each new skill you attain, and planning these outcomes
upfront will ensure you can make the right decisions for yourself.