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The Benefits of Hiring candidates with transferable skills can offer several plus points to organizations. Here are some key advantages:
1. Reduced training time (Plus point)
Candidates with transferable skills would need less time and resources for upskilling. They can use their existing skill sets to learn new information and workflows quickly. They become productive team members faster, saving the organization's time and money in onboarding.
2. Adds diversity (Plus point)
Diversity is known to improve innovation and thereby boost productivity. Research indicates that diverse companies are more likely to be prepared for change - and are also more likely to be market leaders. If a current team comprises people with exceptional ‘hard’ skills, it could be a good idea to mix things up and hire someone with transferable soft skills.
3. Promotes adaptability and agility
Applicants with transferable skills can quickly adapt to new positions or work on multiple projects. It's easier for them to adapt to changing organizational needs or take on additional responsibilities. This agility can help companies navigate business uncertainties and market changes more effectively.
4. Enhanced problem-solving
Candidates with good problem-solving skills are also gifted in critical thinking and decision-making. As such, they have a solid foundation to analyze complex problems, identify solutions and make informed decisions. Their ability to approach challenges from various angles leads to more effective problem-solving techniques.
5. Improved retention
By recognizing and using the transferable skills of new hires, employees grow and thrive in new ways. They will be more engaged, motivated, and satisfied with their jobs. That generally means they’ll stay with a company longer - saving on hiring and business costs.
6. Leadership potential
Transferable skills are often associated with leadership traits such as communication, teamwork, and adaptability. Hiring candidates with these skills allows employers to identify future leaders within the organization. These individuals can contribute in their immediate roles and as potential candidates for management positions or leadership development programs.
7. Knowledge exchange
Candidates bringing knowledge and experiences from their previous positions can foster collaboration of ideas and best practices, enabling organizations to build a broader knowledge base. The exchange of knowledge can increase efficiency, improve processes, and create a culture of continuous learning.
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