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Research Outline
Prepared for Anshul J. | Delivered October 2, 2019
Employee Soft Skills
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Goals
Determine the link between soft skills and job performance. The information will be used to develop an employee competency framework.
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Early Findings
EMPLOYEE SOFT SKILLS
PROJECT MANAGEMENT SKILLS
Project management
includes several critical skills such as leadership, team management, cost management, task management, and other relevant skills.
Project leadership competency
is the most critical skill to have as this can help managers to determine the direction of their organizations.
Developing
project leadership skills
can help also help in advancing the career of the managers.
Managers also need to have
team management skills
in order for them to coach their team members effectively.
Coaching skills
can help develop the skills of team members and address their weaknesses.
Coaching can also help in
improving the performance
of the team.
Managers should also be
knowledgeable in project cost management
as this can help ensure that initiatives are within budget and are not in danger of running out of funds before completion.
Those who possess this skill can competently see a project through
on-time and on-cost
completion.
Managers should also be able to
manage the tasks
of the team.
Task management will require managers to
develop task lists
and other scheduling tools to ensure on-time completion.
Organizations experienced a
27% decrease
in wasted funds when they improve project performance.
Teams with skilled project managers were able to attain more satisfactory project success rates —
92% success rates
versus
32%
of those organizations with less-skilled personnel.
Furthermore, only
1.4% for every $1
in the budget was wasted by teams with strong project management skills compared to the
29%
wastage per dollar of lesser skilled teams.
GENERAL MANAGEMENT SKILLS
General management skills
are important inn ensuring that team members are managed effectively.
This skill is
considered as universal
in all work settings.
Effective managers who can get their
direct reports motivated
to accomplish their work are considered as the real assets of a firm.
Managers who can
inspire their employees
to perform well can help a company reach its productivity and employee satisfaction targets.
Those with good management skills can easily
spot areas of improvement
that they need to tactically address.
They
possess good tact and wisdom
to deal with problems without demoralizing their employees.
Instead, they can guide their direct reports to
work on productive changes
to resolve the issues.
Individuals with
good management skills
should also possess the ability to continuously innovate.
In today's highly competitive environment, businesses need leaders who can
champion innovation
.
Leaders who are
good innovation agents
can make the company environment conducive to the generation of creative ideas.
They also show
support for the ideas
generated from the employees and have a system in place to manage the innovation process.
Innovation leaders also utilize the company's performance management systems to
encourage employees to share
their ideas.
Leaders who use this method to encourage knowledge-sharing have seen their companies experience a
16.9% growth
in sales from new offerings, as well as an
18.8% growth
in overall sales figures.
Innovative companies can ensure that they
remain ahead of the competition
.
They are also the ones who are on
top of the minds of customers
when considering options.
This can then help the business to
reach their business targets
.
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