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Transferable Skill

Moneyzine Editor
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Moneyzine Editor
1 mins
September 26th, 2023
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Definition

The term transferable skill refers to the talents an individual has acquired over time that can apply to any career. Transferable skills can be acquired in a number of ways, including on-the-job training, classroom study, participation on teams, volunteer work, and even through hobbies.

Explanation

When applying for a job or writing a resume, it is important the reader understands the specific skills the applicant has acquired over time. The list of skills appearing in these documents should include both technical capabilities as well as transferable skills. The concept of a transferable skill is fairly straightforward; it is a talent the job applicant has acquired through their life experiences that can also apply to almost any line of work.

Examples of transferable skills include the ability to:

  • Assign and delegate tasks to others

  • Think critically and solve problems

  • Meet deadlines and manage projects

  • Present materials and speak in public

  • Run meetings, build and work with teams

  • Persuade others and negotiate agreements

  • Follow instructions and take orders

  • Communicate effectively

  • Work with computers (office applications)

  • Manage and forecast budgets

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