NOVEMBER 2023HR TECH OUTLOOK EUROPE8As the world of work evolves, it is becoming increasingly evident that skills are the currency of the future career management. The days of staying in a single job for a lifetime and being rewarded for seniority are long gone. In today's competitive job market and where change is only constant, individuals must be adaptable, flexible, and ready to learn new skills continually. We will briefly explore here the importance of transferable skills, what they are, and how managing a career based on skills and learning can be more valuable than managing a career based on jobs.As a global HR executive with experience in the financial industry, I have witnessed firsthand how the job market has evolved over the past few decades. When I started my career, employees were valued for their specific job titles and how many years they had spent with the company. However, this approach has changed dramatically. Today, job titles are no longer a reliable indicator of an employee's value. Instead, employers are looking for individuals who possess a broad range of transferable skills that can be applied to various roles and situations. In my own career, I have experienced the power of transferrable skills firsthand, which allowed to have 9 different roles in 4 entities and 3 countries while staying for the last 17 years within the same Group.Transferable skills are abilities that can be applied in different contexts and situations, regardless of the industry or role. These skills are not specific to a particular job or profession but can be used to succeed in a wide range of positions. Some examples of transferable skills include project management, negotiation, communication, leadership, problem-solving, critical thinking, and adaptability. These skills can be learned through experience, education, or training and are highly valued by employers.In today's rapidly changing work environment, transferable skills are more important than ever. The world is becoming increasingly global, and organizations are looking for employees who can work effectively in diverse teams, communicate across different cultures, and adapt to changing situations. The COVID-19 pandemic has also highlighted the importance of adaptability and the ability to work remotely. Additionally, technology is changing the nature of work, and many jobs are becoming automated (at least partially). In this environment, individuals must be able to learn new skills continually to stay relevant and competitive. Transferable skills allow individuals to transition between jobs and professional families, providing them with more flexibility and security in their careers.Managing a career based on skills and learning is more valuable than managing a career based on jobs. Instead of focusing on a particular job title, individuals should focus SKILLS AS THE NEW CURRENCY: NAVIGATING CAREER SUCCESS By Xavier Guell, Global Head of Talent & Employee Experience, AXA XLXavier Guell
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