The Key findings of the Quarterly Labour Force Survey (QLFS) show us that a mere 21 000 South Africans gained employment in the last 3 months, whilst another 455 000 added their name to the unemployed list.
These stats are a minor hiccup in our declining economy, which will inevitably lead to more retrenchments and job losses, fuelling the rising unemployment rate. There’s a lot of uncertainty for all staff at the moment. Further to this, there is a shift in skills needs.
This, on the back of the 4th industrial revolution, means that employees need to learn new skills and evolve as quickly as the machines they operate. Essentially, the workforce needs to adapt to change at a far quicker pace.
According to the latest WEF’s Future of Jobs report, 53% of the existing workforce will require reskilling in the next two years if they are to keep up with the demand of workplace requirements. It is also estimated that employees will need 101 days per year of retraining and upskilling before 2022.
How are companies responding to shifting skills needs in South Africa?
While hard skills can be learned, essential business skills like attitude, mindset, and people management skills, are what sets us apart from a machine of codes and algorithms, and are what will matter the most in the future workplace.
To set you up for success, these are the crucial skills that you will need, to ensure that you secure a good spot in the workforce of tomorrow:
Good time management allows you to accomplish more in a shorter period of time. This in turn leads to more free time, which allows you to take advantage of learning opportunities, lowers your stress levels, and helps you focus, all of which leads to greater career success. Each benefit of time management improves another aspect of your life. One of the most frequently heard concerns and complaints of people today is that they don't have enough time to do what they, or their bosses, want them to do.
Because conflict is a normal and inescapable part of everyone's life, conflict resolution, or the ability to resolve conflicts effectively, is a crucial skill for everyone to have. Effective conflict resolution requires individuals to assert themselves while still respecting others.
Critical communication is the building block of an organisation. It is crucial to communicate effectively in negotiations to ensure you achieve your goals. Communication is also important within the business environment. Critical communication can help to foster a good working relationship between you and your staff, which can in turn improve morale and efficiency.
Diversity and inclusion in the workplace matters not only because it brings benefits in business spheres such as brand management, client engagement and corporate social responsibility, but because it creates additional value for the organisation by attracting diverse professionals that drive innovation.
Emotional intelligence is the capacity to understand and manage your emotions. It not only helps individuals to communicate better and problem solve with others when needed but it also promotes team effort and helps to foster and grow good customer relationships
Problem solving is the process of identifying a problem, developing possible solution paths, and taking the appropriate course of action. For employees, problem solving can be used to develop practical and creative solutions, and to show independence and initiative to employers.