Shiv Khera, the renowned corporate trainer, made a very significant statement. He said, “We are hired for our technical skills, but fired for the lack of soft skills”. In the corporate world, HR departments rate soft skills, as a valuable asset while selecting new employees, conversely they also agree that employees with well-developed soft skills are hard to find. Clearly, there is a huge gap between the managerial soft skills that organizations need, and that the fresh employees possess. The B-Schools in India must focus on making the MBA students conversant with the soft skills that suit that the corporate skills needs.
Automation, robotization and digitization look different across different industries but it will surely provoke significant job disruptions in future. The World Economic Forum surveyed the CHRO’s of some of the world’s leading companies and has released The Future of Jobs report revealing the top 10 skills employees will need by 2020 and beyond. These are;
Dissed as “soft skills,” these abilities are high-value currency in today’s workplace. Once dismissed by business leaders as mushy nice-to-haves, these “power skills” are in high demand and short supply today. Power skills are indispensable to the way we work today and closely tied to a company’s success. An MIT Sloan study found that power skills training in problem solving, communication and decision making yielded a 250% ROI in eight months. It is time for power skills to stand shoulder to shoulder with technical skills in every management school agenda as well as every organization’s training and development efforts. Let’s reframe our conversations about “soft” skills and talk about how to supercharge our power skills.