Are your new hires prepared for the challenges of work?
Transitioning from education to the workplace can be hard for early careers talent.
Transitioning from education to the workplace can be hard for early careers talent. While they may have degrees and theoretical knowledge, many new hires find themselves unprepared for the practical realities of their roles. Only 23% of young people surveyed felt they had the skills to progress in their careers.
This skills gap, often unnoticed until the first day on the job, can affect their ability to connect with your business, understand their role, and relate to your customers.
The impact of the skills gap
New hires often encounter barriers due to a lack of commercial awareness. They may have no idea how or why to fill in a timesheet and struggle to understand your company’s operations and what your customers need.
If your early careers talent hasn’t been exposed to real-world business scenarios during their education, it can be difficult for them to grasp the importance of their role in delivering value to customers and achieving your company’s objectives.
This lack of business acumen leaves managers to pick up the slack, making your early careers talent feel inadequate and impacting their performance and overall job satisfaction.
Training that connects early careers talent with the bigger picture
With only 2 in 5 young adults leaving school regarded as financially literate, it’s no wonder your early careers talent lacks the skills they need to succeed.
Targeted training can help bridge this gap. By understanding the commercial aspects of your business, such as revenue generation, cost management, and [XX], new hires can better understand how their work contributes to your company's success.
For early careers talent to thrive, they need to see the bigger picture. This means understanding their specific role and how it interacts with other departments and contributes to overall business success. Companies can support this by providing onboarding programmes that include commercial acumen training and practical insights into the company’s operations.
Addressing the skills gap is the only way to ensure the success of early careers talent and the businesses that employ them. By giving your early careers talent the tools they need to be successful from day one, they’ll feel more confident and capable in their roles and deliver measurable results.
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"Leaders need to recognise that financial literacy and wellbeing are essential for building resilience within their teams. By creating an open culture where financial concerns can be discussed without stigma, firms can foster a healthier, more engaged workforce. This isn't just about protecting individual wellbeing; it's about ensuring long-term productivity and retention."