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Transferable Skills

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Did you know?

The pace of innovation and technological advancement has been steadily increasing over the years and it has changed the way we work in Australia. In the name of speed and efficiency, we have embraced all forms of technology to better automate our workplaces and to allow us take advantage of every opportunity that lands on our door steps.

Transferrable Skills

With this in mind, we all need to expand our skills sets. Regardless of the industry, employers are paying top dollar for workers with transferable skills. Rather than specialist or technical knowledge, transferable skills can be applied to a range of roles. These skills include:

  • Problem Solving
  • Communications
  • Financial Literacy
  • Critical Thinking
  • Creativity
  • Teamwork
  • Digital Literacy
  • Presentation skills

Once equipped with these skills, employees can seek out new roles or responsibilities and work towards that next promotion. Job seekers with transferable skills will find their applications make it to the top of the pile.

Benefits and Rewards

Backed by job market research, industry experts, analysts and supported by recent reports such as The New Basics by the Foundations for Young Australians the shift in the demand for transferable skills is very real and it is evident in the job market right now.

Potential Income/Employability

Transferable skills command a premium and are highly rewarded by employers. On average jobs that require

  • presentation skills are paid an additional $8,853 per year,
  • digital literacy are paid an additional $8,648 per year,
  • problem solving are paid an additional $7,745 per year,
  • financial literacy are paid an additional $5,224 per year, and
  • creativity are paid an additional $3,129 per year.

Jobs of the future demand more transferable skills

Following estimates by the Committee for Economic Development of Australia (CEDA), Jobs of the future are commonly defined as occupations that are least likely to be affected by automation. These occupations include:

  • Professionals;
  • Managers;
  • Community & Personal service workers; and
  • Sales Workers.

Jobs of the past are defined as occupations where 2/3(two-thirds) are predicted to be affected by automation. These include such roles as:

  • Technicians;
  • Labourers;
  • Administrators; and
  • Machinery operators.
Jobs of the Past and Jobs of the Future

Reference Material

The following report was written using the information from the Report - The New Basics by the Foundations for Young Australians. Please click the link below to download the report.

The New Basics by the Foundations for Young Australians (PDF, 1,641KB)

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