Developing Your Human Capital: The Power of Soft Skills
•
You are invited by a potential employer to have coffee.
You have never met before, but the discussion will center on
possibly hiring you for the job of your dreams.
•
What will you do to make the impression necessary to land
the job?
•
Spend five minutes at your desk writing down the steps in
preparation you would take and the skills and behaviors
you would exhibit during the interview.
Income for most people is
determined by the market
value of their labor, paid
as wages and salaries.
People can increase
their income and job
opportunities by choosing
to acquire more education,
work experience, and job
skills.
This important economic
term refers to the
knowledge, skills, and
health that individuals
possess.
Developing human
capital is a form of
investing: investing in
oneself.
In devoting time, effort,
and perhaps money to
education, students give
something up now in
order to gain something of
value in the future.
Traditionally, it’s been
believed that education
is one of the safest and
highest value
investments around.
•
Much emphasis is placed on
developing the technical
elements and specialist
knowledge (
Hard Skills
)
•
Little attention is paid to
developing intangible talents
and intuition (
Soft Skills
)
HARD SKILLS
•
Specific, teachable abilities
that can be defined and
measured
•
Often listed on a job
applicant's cover letter and
resume
•
Examples could include fluency
in a 2nd language, software
proficiency, machine operation
ability
SOFT SKILLS
•
Personality-oriented
interpersonal skills, such as
teamwork, flexibility,
willingness to give extra and
communication skills
•
They aren't learned through a
defined instructional path; soft
skills are often learned by trial
and error.
•
Leadership Skills
•
Teamwork
•
Communication Skills
•
Problem Solving Skills
•
Work Ethic
•
Flexibility/Adaptability
•
Interpersonal Skills
Because employers have an easier time teaching new hires hard skills,
employers often look for job applicants with specific soft skills instead.
•
Leadership
80.1%
•
Ability to work in a team
78.9%
•
Communication skills (written)
70.2%
•
Problem-solving skills
70.2%
•
Communication skills (verbal)
68.9%
•
Strong work ethic
68.9%
•
Initiative
65.8%
Source: Job Outlook 2016, a survey conducted by the National Association of Colleges and Employees (NACE)
Intangible Skills Important To Employers
•
Leadership Skills:
cultivate relationships and
build teams
•
Teamwork:
understand the value of
joining forces
•
Communication Skills:
Verbal, Non-Verbal, Aural,
Written and Visual
•
Problem Solving:
find answers and workable
solutions, take on problems
don’t avoid them
•
Work Ethic:
self-starter, punctual, meet
deadlines, thorough, “go the
extra mile”, be responsible
•
Flexible/Adaptable:
“wear multiple hats”,
respond to change well
•
Interpersonal Skills:
maintain relationships,
develop rapport, use
diplomacy
In today's competitive job market, the importance of soft skills in developing human capital cannot be overstated. Building attributes like communication, teamwork, and adaptability can significantly impact career success and personal growth. Investing in oneself through education and personal development enhances job opportunities and income. Emphasizing on human capital and soft skills is crucial for individuals aiming to excel in their chosen fields.
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Presentation Transcript
Developing Your Human Capital The Importance of Soft Skills Developing Your Human Capital Soft Skills
Discussion Prompt You are invited by a potential employer to have coffee. You have never met before, but the discussion will center on possibly hiring you for the job of your dreams. What will you do to make the impression necessary to land the job? Spend five minutes at your desk writing down the steps in preparation you would take and the skills and behaviors you would exhibit during the interview. Developing Your Human Capital Soft Skills
Labor Market Income for most people is determined by the market value of their labor, paid as wages and salaries. Developing Your Human Capital Soft Skills
Personal Development People can increase their income and job opportunities by choosing to acquire more education, work experience, and job skills. Developing Your Human Capital Soft Skills
Human Capital This important economic term refers to the knowledge, skills, and health that individuals possess. Developing Your Human Capital Soft Skills
Human Capital Developing human capital is a form of investing: investing in oneself. Developing Your Human Capital Soft Skills
Human Capital / Opportunity Cost In devoting time, effort, and perhaps money to education, students give something up now in order to gain something of value in the future. Developing Your Human Capital Soft Skills
Investing In Yourself Traditionally, it s been believed that education is one of the safest and highest value investments around. Developing Your Human Capital Soft Skills
Is More Education Worth The Cost? Developing Your Human Capital Soft Skills
Human Capital Much emphasis is placed on developing the technical elements and specialist knowledge (Hard Skills) Little attention is paid to developing intangible talents and intuition (Soft Skills) Developing Your Human Capital Soft Skills
HARD SKILLS SOFT SKILLS Specific, teachable abilities that can be defined and measured Often listed on a job applicant's cover letter and resume Examples could include fluency in a 2nd language, software proficiency, machine operation ability Personality-oriented interpersonal skills, such as teamwork, flexibility, willingness to give extra and communication skills They aren't learned through a defined instructional path; soft skills are often learned by trial and error. Developing Your Human Capital Soft Skills
Seven Soft Skills Employers Seek Leadership Skills Teamwork Communication Skills Problem Solving Skills Work Ethic Flexibility/Adaptability Interpersonal Skills Because employers have an easier time teaching new hires hard skills, employers often look for job applicants with specific soft skills instead. Developing Your Human Capital Soft Skills
Attributes Admired Intangible Skills Important To Employers Leadership Ability to work in a team Communication skills (written) Problem-solving skills Communication skills (verbal) Strong work ethic Initiative 80.1% 78.9% 70.2% 70.2% 68.9% 68.9% 65.8% Source: Job Outlook 2016, a survey conducted by the National Association of Colleges and Employees (NACE) Developing Your Human Capital Soft Skills
Key Soft Skills Leadership Skills: cultivate relationships and build teams Teamwork: understand the value of joining forces Communication Skills: Verbal, Non-Verbal, Aural, Written and Visual Developing Your Human Capital Soft Skills
Key Soft Skills Problem Solving: find answers and workable solutions, take on problems don t avoid them Work Ethic: self-starter, punctual, meet deadlines, thorough, go the extra mile , be responsible Developing Your Human Capital Soft Skills
Key Soft Skills Flexible/Adaptable: wear multiple hats , respond to change well Interpersonal Skills: maintain relationships, develop rapport, use diplomacy Developing Your Human Capital Soft Skills
