Teaching Business Skills Helps Overcome the Skills Gap

Organisations have been vocal about the lack of candidates with the right skills coming on to the jobs market – and many are taking it upon themselves to tackle this major issue.

“Organisations have often reported their frustration about the lack of skilled candidates posing a real threat to future business growth,” says Marc Burrage, Regional Director of Hays in Hong Kong. “Whether it is the shortage of skilled recruits at entry level, the growing need for specialist knowledge, or the demand for global skills exceeding supply, few organisations are immune to this serious challenge to long term economic growth and sustainability.

“In addition, employers complain that young people are leaving higher and further education with academic qualifications, but with a lack of basic workplace skills such as team working, communication, initiative and punctuality. Rather than waiting for a government-led solution, companies are tackling the issue themselves.”

In the latest Hays Journal, the recruiter explores how global organisations are now working with education providers in an attempt to address such skill shortages.

“A global trend has emerged for businesses and academic institutions to form partnerships to create industry specific training,” continues Marc. “These programmes, including apprenticeships, focus on the required technical skills without compromising the qualification’s academic value. This addresses short-term skills demand and will help to meet future workplace requirements.

“Some of the most successful partnerships between industry and academia can be found in China and Southeast Asia. For example, secondary schools in Shanghai have scaled the rankings over the last decade and more than twice as many of the city’s school leavers go to university compared with China’s average of 24 per cent. These schools are known for preparing young people for a knowledge economy rather than one that is manufacturing led.

“Of course, workplace training is also being utilised to overcome skills gaps and it is a highly successful strategy to ensure employees can fulfil their potential and meet the organisation’s needs.”

Source: Hays Hong Kong