We’ve talked about the upward trend of skills-based hiring in the past, and in 2024, this is one trend that does not seem to be fading. This is in line with companies anticipating change and requiring adaptability in their work forces.
A recent SHL meta-analysis of over 20,000 people reveals a list of soft skills that will be crucial to success in 2024 and beyond. These include, but are not limited to:
Initiative, through proactively taking on responsibility.
Determination to achieve, by setting challenging goals and working hard to reach them.
Building credibility, by earning respect from colleagues and other stakeholders.
Multitasking and managing time to deliver on multiple tasks effectively.
Contributing practical solutions to problems.
Learning new skills and absorbing information quickly.
Analyzing and integrating information to understand events and context.
Being decisive in the face of difficult circumstances and taking responsibility for those decisions.
Companies that previously prioritized functional and technical skills, especially during the acceleration of the digital age, are now repositioning. Forward-thinking organizations are now including skills like critical thinking, collaboration, adaptability, resilience, and communication when evaluating fit. This strategy allows organizations to hire for potential, expand talent pools, and modernize career strategies by focusing on universally important skills. Additionally, adopting a skills-first approach enables individuals from different demographic groups to excel in specific skill areas, fostering diversity and inclusion.
Of course, technical skills and designations are still an absolute must for certain types of positions, especially when it comes to CFOs and other senior financial roles, but these additional soft skills can make your team more resilient and successful in changing circumstances.