Who wants to be a millionaire?
by Sarah
The Times has published the results of a list of self-made millionaires. The majority of the list have acquired wealth from relatively humble backgrounds and took on vocational training rather than university degrees. Only two of the top 25 actually had degrees. John Caudwell(founder of Phones 4u), who has been in the news recently, got his first job as an engineering apprentice and now has a personal fortune of £1.6 billion. You can read the full story here.
What is interesting about the story, if not a little sad, is the decline in England’s vocational training and apprenticeships. Not many of our clients still offer this and if they do places are limited. The fact that many on the list are Scottish may be a reflection of the fact the apprenticeship is still well rooted there. Perhaps this is something we in England need to look at again.
What it does show is that these individuals on the millionaires list do not have degrees but bring to the workplace other experiences and have demonstrated skills as an entrepreneur which may not show on their CV. The morale of the story is that when assessing candidates for job roles think not only about their qualifications but what else they can bring to the party. This ties in with the articles we have done about work life balance. Employers need to look past the degree certificates and look at the candidates skills and what they can offer.
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