WHAT THE DATA SAY: 53% of hiring managers prefer formal education over self-taught learning

By: Ray Day

CONTACT:

Ray Day
ray.day@stagwellglobal.com 

We wanted to share our latest consumer and business insights, based on research from Stagwell and Allison Worldwide. Among the highlights of our weekly consumer sentiment tracking:

IS SELF-TAUGHT GOOD OR BAD ON A RESUME?

Job seekers and hiring managers are split on the benefits of self-taught skills, according to our latest Harris Poll research with Express Employment Professionals.

• 47% of job seekers add self-taught online skills to their resumes.
• 66% of Gen Z is teaching themselves skills online, followed by 50% of Millennials, 35% of Gen X and 20% of Boomers.
• Men (53%) are more likely than women (40%) to include self-taught skills on their resumes.
• 71% of hiring managers say skills learned through online platforms are credible.
• Yet hiring managers prefer formal education (53%) over self-taught learning (18%).
• 24% of job seekers say self-taught skills help them stand out, while 23% say it hurts their employment chances.
• 50% of hiring managers say their company has updated hiring processes to recognize and verify self-taught skills.

RETIREMENT REGRETS

Less than half of recent retirees are on track with their original retirement goals, according to our Harris Poll research with Nationwide.

• 55% of Americans who have retired in the last five years have regrets about how they saved for retirement.
• Only 40% are on track with their original budget and decumulation plan.
• 28% wish they started saving earlier.
• 50% have changed their retirement portfolio due to market turbulence.
• 41% of financial advisors say it’s a challenge for their clients to maintain their desired lifestyle within budget constraints.

IRL FINANCIAL ADVICE

Younger adults want more personalized financial advice than what their parents might have preferred, according to our Harris Poll research.

• 43% of younger Americans plan to switch asset managers from their parent’s current provider.
• 33% say misaligned values is a reason to switch.
• 38% want a collaborative relationship compared with 17% who want a digital relationship.
• Young people want in-person (29%) or phone (24%) communication versus email (19%) or text (7%).

ICYMI: In case you missed it, check out the thought-leadership and happenings around Stagwell making news:

• ‘Tis the season for reputation surveys; It’s time for a change (Stagwell / Allison Worldwide)
• C-suite request to communications: Help us see around corners (Allison Worldwide)
• Tinder says Gen Z still believes in true love – they just want a soft launch first (Harris Poll)
• Reflections on The Biggest Month in Sports: A Masterclass in Modern Storytelling (Sloane)
• Chinese Automakers in the U.S. Market (The Harris Poll)