Jeff Cornwall of “The Entrepreneurial Mind” discusses how important it is to “look beyond” a technical skill when adding new people to the team. When building bootstrapping culture – meaning no external support whatever for the business, the common mistake is to recruit employees solely based on technical skills. Culture fit is important than technical skills when forming a new team for a business.

The Chinese and Indians are playing a big role in the knowledge economy and are at their best of innovation. They are filling skills gaps not only technical but different cultural aspects by mix and match knowledge from different parts of the world.

Skill gaps are increasing as surveyed by WSJ – 62% of employers feel that the gap is widening between employee’s skills and the business needs. Training of those special skills narrows the gap but the way economy is transforming, the employees are less confident if the employer training would help their future career path.

Technical sectors is still ranked top in the most available jobs sector in future. Other sectors following technical are Education & Health (38%), Professional and business services, Construction (12%) and Manufacturing (7%)

To Sum Up, Technical skills with right culture fit are the key for future jobs in the new competitive knowledge economy.

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