3 Reasons Why Experience is as Important as Education

by Suba on July 9, 2012 · 0 comments

There’s no doubt that having the right education is essential for most careers, but in today’s highly competitive market, having the right experience is just as important. It was different 30 or 40 years ago, when a college education nearly guaranteed you a pretty good job. That’s just not the case anymore.

The following are three reasons why experience is just as important as education in landing a job.

Training 

Whether the job is in the journalism industry, where a new reporter will need writing and researching skills, or a more technical field such as billing and coding, all new employees need some sort of training or introduction to the way each company does business.

However, with so few jobs on the market and so many applicants, employers today are eager to hire workers who will require little or no training. Someone who can jump right in the first day definitely has an edge over a person with no experience, even if that person has the required degrees or certificates.

Money 

Having to train new employees is also costly. The company loses money for a certain period of time in the beginning by giving a salary to a new worker who is not as efficient as other employees. It also loses money by having to offer training. The longer it takes to prepare a worker to adequately do his job, the more expensive this investment can be. At the same time, employers need to have people to conduct the training sessions. This might mean they will have to hire new workers to do so. This, however, will require spending even more money for salaries and benefits.

If hiring training specialists is not in the budget, a company might choose to have some of its current employees do the work. This, however, will mean those employees will not be doing their original work, which will inevitably cost the company in lost productivity and/or possible earnings.

Time 

There is always a learning curve when it comes to starting a new job, but that lag time between when the new employee arrives the first day and when he becomes truly productive is often a lot longer for those lacking experience.

While education prepares future employees for their careers on a mostly conceptual level, employees are increasingly more in need of people who have already done the job and know what they are doing.

Suba

Suba is the editor of Broke Professionals.

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