Addressing the Skills Gap: Preparing for the Future of Work in Asia-Pacific.
Right now, we’re seeing the rise of AI, automation, and other technological advancements meaning labour markets around the world are evolving at a rapid pace. In response, many employers are struggling with a "skills gap"—the difference between the skills they need to succeed and the skills available in their current workforce. For businesses, bridging this gap often means investing time and resources in upskilling staff. For students and graduates, it’s an opportunity to think ahead, identify these key skills, and prepare for the demands of the global job market.
This article will explore the specific skills employers need most, especially in Asia, and practical ways to develop these skills during your studies and beyond.
Understanding Hard and Soft Skills
When it comes to skills, there are two main categories: soft skills and hard skills.
Soft Skills: These are interpersonal or “people” skills, like teamwork and communication, that help individuals work well with others. They’re harder to measure but are crucial in almost every profession.
Hard Skills: These are technical, specific abilities that can often be quantified, such as coding, data analysis, or project management.
Both types of skills are essential for succeeding in the workplace however soft skills are often overlooked. They are, however, the most transferrable skills. Whilst hard skills are an important foundation, soft skills compliment them. It’s all well and good having strong data analysis skills, but if you can’t communicate effectively or work well in a team you’re not going to excel.
In-Demand Skills in Asia
According to recent reports, the skills most in demand in Asia include both soft and hard skills:
Soft Skills:
Teamwork – Employers value the ability to work collaboratively with others.
Communication – Strong communication skills are essential for sharing ideas clearly and building connections.
Problem-solving – A critical skill that involves identifying and addressing challenges.
Active learning – Employers want people who are always willing to learn and adapt.
Interpersonal skills – The ability to connect and work effectively with others.
Interestingly, creativity is identified as the largest skills gap, and employers are also noting a shortage in leadership abilities.
Hard Skills:
Digital competency – Knowledge in tech-related areas is crucial for navigating digital transformation.
Project management – Many industries value project management skills to oversee complex tasks and meet goals.
Data analysis – In an information-rich world, analysing data to make informed decisions is a critical skill.
The Top Skills Gaps to Address
Reports indicate that companies across Asia face challenges in hiring for the following skills:
Creativity
Problem-solving
Adaptability
Critical thinking
Sustainability
How to Build These Skills During Your Studies
As a student, you have several ways to start closing these skills gaps:
Enroll in Relevant Courses: Many UK universities offer courses focused on skills like project management, digital literacy, and data analysis. Look for electives or online modules that let you build hard skills alongside your main studies.
Participate in Group Projects: Group assignments help you develop teamwork, communication, and problem-solving skills in a controlled environment, making you better prepared for real-world scenarios.
Engage in Extracurricular Activities: Leadership roles in student organisations or societies can sharpen your leadership, creativity, and adaptability. Volunteering for a cause can also teach you valuable interpersonal skills.
Seek Out Internships and Work Placements: Gaining work experience through internships can provide direct exposure to industry needs and help you build relevant skills. Internships are also an excellent way to develop adaptability and critical thinking in a real-world setting.
Use Online Learning Platforms: Websites like LinkedIn Learning, Coursera, and Udemy offer short courses in technical skills like data analysis or project management, as well as soft skills training.
Practice Critical Reading and Writing: In many UK universities, you’ll be encouraged to read and write critically. This helps you develop problem-solving, adaptability, and analytical skills—qualities that employers find valuable.
Additional Resources for Labour Market Trends and Skill Development
For more insights on skills shortages and labour market trends, these websites are great places to start:
QS Quacquarelli Symonds: Known for global education insights and employability rankings, QS offers data on job market trends worldwide.
Prospects Luminate: This website provides valuable insights into employability, skills, and trends, with a focus on the UK job market.
World Economic Forum: They publish regular reports on global workforce trends, including the skills needed for the future.
LinkedIn Economic Graph: LinkedIn’s Economic Graph offers insights into in-demand skills, emerging jobs, and global hiring trends based on LinkedIn’s vast data pool.
Final Thoughts
Building a versatile skill set that includes both soft and hard skills is crucial for navigating today’s dynamic job market. By recognising the skills gaps in your chosen field and proactively addressing them, you’ll not only enhance your employability but also prepare yourself for a fulfilling and adaptable career.