As labor market demands continue changing, redesigned job skills are working their way to the top of employers' desired skill sets for employees.
With nearly 14 million Americans currently looking for work, giving your resume an update has never sounded better! We have cultivated a list of the most coveted and in-demand job skills you should focus on developing as you prepare for a changing COVID influenced world.
Employers look for employees who possess both hard and soft skills. Hard skills are those that involve technical knowledge, while soft skills deal with personality traits.
Digital Hard Skills
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The global workforce was already amidst a technological revolution, but when COVID took the reins, the skill sets needed for digital work priority seemingly overnight.
According to LinkedIn, data literacy–which is the ability not only to read and understand data but also to apply that data in a meaningful way–is the most important skill set businesses look to attain. Special skill sets in statistics and probability are a great asset to any job in the data field.
Computer programming is now, more than ever, becoming a job skill that employers desire. But you don't have to have a programming degree to pick up some basic coding skills that might help you go far. Codecademy offers free basic beginner classes that teach you how to code from the comfort of your home.
Having proficiency in computer programming languages can also get your resume noticed. According to Indeed, Python is the highest demanded program language for jobs right now. Blockchain technology, a job skill that has never even appeared on LinkedIn's top skill demands before this year, debuted as the highest demanded skill for 2020. The up-and-coming Blockchain technology, which is generally associated with cryptocurrency, is now being sought for use by businesses who are looking for innovative ways to implement new technologies.
Similarly, jobs dealing with artificial intelligence have shown the highest rate of increase in any industry in the United States this past year. Proficiency in developing algorithms and robotics can get your resume noticed fast.
Finally, affiliate marketing has been one of the fastest-growing marketing sectors that businesses are developing. Business spending on affiliate marketing grew from $4.2 billion to $6.8 billion annually between 2015 and 2020. Practice and understanding of search engine optimization (SEO) and search engine marketing (SEM) are crucial job skills that can help you grow a business online. And if you have no experience with SEO, learning about it can be done for free and easily through sites such as Moz or Yoast. Familiarity with online analytics such as Google and Adobe analytics will also help your resume get it noticed.
High Demand Soft Skills
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Employers have always desired some level of cognitive skill from employees. Logic and reasoning are important in a world where it seems easier to find fake news and misrepresented data, and being able to objectively sort through what is credible and what is not is a coveted job skill in today's world.
Adaptability and Resilience Skills
The baby boomer generation was accustomed to holding lifelong jobs, often having the same workplace and requirements throughout an entire career. In today's world, the majority of millennials prefer–or are forced into–job-hopping, so being willing to adjust to change in an increasingly changing workforce will get you far.
With jobs shifting to remote work-at-home settings, leadership skills will become a top job skill throughout the workforce. People who show self-management are more likely to adapt to working from home and are capable of engaging fellow teammates more effectively.
Artists who make a career out of their passions have long felt undervalued at what they do. But if recent closures and shutdowns have trained the job market's interests on anything good, it's been creativity, as businesses have all been forced to think outside of the box.
What is Robinhood?
The Robinhood app debuted in 2013 as a first-of-its-kind revolutionizing free investment platform. Much like the 700-year-old story of the hero to the people, Robin Hood, FinTech entrepreneurs Vladimir Tenev and Baiju Bhatt created the platform in order to make stock trading easily accessible to the general public and not just the wealthy.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.