How to Succeed in the Knowledge Economy

The Reserves Network

Our economy is constantly changing, making room for new skills and industries that support improvements in technology and infrastructure. The knowledge economy, in specific, is known for the use of knowledge to generate products and services.

To thrive in this economy, there are a variety of skills you’ll need to learn and polish. Here are some of the most common: 


Communication is a critical skill for nearly everyone in the new economy. If employees can’t speak clearly, be honest, and encourage a tight-knit community, they’ll often work against one another without realizing it.

With so much information changing hands throughout the workday, effective written and oral communication has become more important than ever. 

Information Communication Technology (ICT)

ICT is the ability to use general technology like computers, smartphones, and tablets. You should also be able to complete simple tasks on these devices, such as managing emails and using software to build reports.

For most young workers, these skills feel like second-nature. For older workers, they seem challenging, at best. The technology and software you need to understand may differ based on your industry, so focus on positions that play to your strengths. 

Lifelong Learning

These days, physical labor isn’t enough to guarantee long-term employment. Many companies encourage and even require lifelong learning, specifically hiring people who show an interest in continuing their education and mastering new skills.

Sometimes, management will invest in online tutorials, face-to-face courses, or experiences that will help employees improve their knowledge base. By taking advantage of these opportunities, you’ll drastically improve your chances of being promoted. 

Problem Solving

As we’ve just entered the information age, there aren’t published manuals outlining the answers to every possible problem you might encounter at work. Employees in the knowledge economy are required to use their skills to solve real-world problems in real time.

You might use gathered data, conduct research, or build a solution with code. Whatever the case, being unable to solve problems without the assistance of your manager will not make a good impression. 

Certifications and Upgrades

While degrees are still important, there are other ways to highlight your knowledge. Certificate programs are short and straightforward, providing training for highly specific skills. You might earn a certificate in healthcare, business, administration, or management.

Certificate programs aren’t free, but they’re usually more affordable than college courses. Your employee may also reimburse tuition if you successfully complete a course related to your current position. 

Contact a Professional to Learn More

Looking for a knowledge-based job of your own? Our experienced representatives at The Reserves Network are prepared to match you with quality companies that need employees with your skill set. Contact our team to get started!


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