Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
storyblocks image of a young businessman typing on computer at the office SI8QMFEabz - Business Express

UK lacks core business skills vital for next phase of hybrid work, reveals Coursera’s 2021 Global Skills Report


The UK’s 29% overall skills proficiency in business skills represents lowest performing country in Europe

London, UK – The UK is lagging behind in important business skills to adequately evolve and develop remote and hybrid workingaccording to Coursera’s latest Global Skills Report. HR and Communications skills ranked only at 13% and 21% skills proficiency, respectively – far lower than other European countries. 

The study draws on performance data since the pandemic’s onset from more than 77 million learners on the platform to benchmark skills proficiency across business, technology, and data science for over 100 countries. For the first time, the Global Skills Report also reveals the top skills needed for high-demand entry-level jobs, including the learning hours required to develop them.

The UK emerges as the lowest performing country in Europe for business skills, at 29% overall proficiency. This places the UK at #77 in Coursera’s global rankings of over 100 countries, including countries in North America, Latin America, EMEA and APAC.

Other notable UK skills insights in business from the report include:

  • The UK is most proficient in Finance: Out of all domains (business, technology and data science), the UK’s skills proficiency is highest in finance at 85% skills proficiency.
  • The UK is lagging in leadership and management skills and strategy and operations skills: The UK has only a 33% skills proficiency in leadership and management skills, and 21% skills proficiency in strategy and operations skills. 
  • Despite relatively low global rankings, the UK still appears competitive in data science and technology skills: In the field of data science the UK has a 69% skills proficiency overall. In the field of technology, the UK has a 57% skills proficiency overall. 
  • The UK performs well in machine learning: The UK has a 72% skills proficiency in Machine Learning. The Machine Learning course by Coursera’s cofounder Andrew Ng was also the second most popular course among UK learners.
  • Female STEM learning increased as digital transformation rose in importance: The share of female enrolment in STEM courses increased from 34% in 2018-19 to 41% in 2020. The percentage of UK female learners on the platform is 49%. 

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

 “Access to a variety of job-relevant credentials, including a path to entry-level digital jobs, will be key to reskilling at scale and accelerating economic recovery in the UK and beyond,” said Jeff Maggioncalda, Coursera CEO. “This report helps governments and employers assess skill gaps in their workforce, identify roles that can be filled with diverse, non-traditional candidates, and details the specific skills that are needed for these roles.”

 Other key report findings on the skills and time required to prepare for entry-level roles: 

  • Recent graduates and mid-career changers can develop entry-level, digital job skills in as little as 35 to 70 hours (or 1-2 months with 10 learning hours per week). On the other hand, someone with no degree or technology experience can be job-ready in 80 to 240 hours (or 2-6 months with 10 learning hours per week).
  • Learners must invest in both soft and technical skills to stay job-relevant in a rapidly evolving labor market. For example, an entry-level cloud computing role like a Computer Support Specialist requires learning both soft skills like problem solving and organisational development, and technical skills such as security engineering and computer networking. Similarly, entry-level marketing roles require data analysis software and digital marketing skills in addition to soft skills like strategy, creativity, and communication. 
  • The most transferable skills across all future jobs are in human skills like problem solving and communication, computer literacy, and career management. Foundational skills like business communication and digital literacy enable workers to participate in increasingly tech-heavy and global work environments. As people change jobs more frequently, job search and career planning skills will be critical to role transitions and sustaining employment. 

With 77 million learners, 6,000 institutions, and more than 5,000 courses from the world’s leading universities and industry educators, Coursera has one of the largest data sets for identifying and measuring skill trends. This year’s report is further enriched by the pandemic-driven trends, including 30 million new learners who joined the platform in 2020. 

 

Recent Post: