What are Power Skills?
What are Power Skills?
If you would like to remain competitive in today’s dynamic world, you will have to work on your power skills. There is no doubt that in a world fraught with constant change, many enterprises, small and big, are battling opposing forces to fuel their growth story. Although it is no secret that technology has made the world an international market and increased opportunities, there is an increasing talent shortage in the corporate world and growing demand for power skills. This is why power skills are important for professionals.
What are Power Skills?
Did you know that Google recently announced the findings of an internal research study revealing that their most effective teams weren’t the ones comprising the top scientists? You will be surprised to know that Google’s best performing teams consisted of individuals who showcased strong power skills.
Power skills, such as adaptability, creativity, decision-making, and time management, are human qualities and traits that machines simply can’t duplicate. Also, note that these qualities will help set you apart from others, helping you advance your career. It is worth noting that people often use the terms “power skills” and “soft skills” interchangeably. Did you know that many people argue that the term “soft” skills” is a misnomer. This is mainly because the word “soft” has inappropriate connotations as it indicates skills that are simply complacent, agreeable, or delicate.
Note that many experts in the job market have recommended that this term must be changed to power skills. This is because it reflects their potential and real value and meaning in the modern workplace. It is no secret that power skills are essential skills. You should know that these skills are usually hard to win, and you have to maintain them with rigor. And given just how important these skills are to creativity and innovation, it is sensible to call them ‘power skills.’
Need for Power Skills
Most organizations around the world are now looking for job candidates predisposed to power skills. Some of these skills are resiliency, flexibility, adaptability, a higher tolerance for ambiguity, as well as innate intellectual curiosity. This is why you should work on developing these skills.
Having employees with strong power skills helps companies in many ways. For example, it translates to clear and effective communication, better team relationships, effective problem solving, and greater innovation and creativity because of a curious frame of mind.
Did you know that all of these factors considerably contribute to organizational profitability? According to an MIT Sloan research study, power skills training on communication, problem-solving, and better decision-making yielded a 250 percent ROI over just eight months, which is impressive.
Here are some power skills that you should have.
You may know that communication can refer to written, verbal, and remote communication. No doubt having the versatility and ability to communicate in various ways and through several communication mediums will help you become more accessible and successful. Also, people will look up to you as a leader. People will also seek your advice often as you motivate, guide, and help people take suitable actions.
Communication is also a key element of team success. Note that when working with individuals based around the country or even internationally, you should communicate effectively to ensure that everybody is on the same page.
Collaboration is an important skill as it helps you identify the strengths and weaknesses of each person on your team. It also helps you make feel valued and important for contributing to both the team and the organization.
Decision making helps you anticipate various scenarios and situations based on a solution that you choose to implement. Note that when asked to help make reliable and quick decisions, often your gut can lead you in the right direction.
It is no secret that every job comes with issues and problems. We can say that every new attempt often comes with unique issues and roadblocks. When you have problem-solving skills, you will see change as a great opportunity rather than a hindrance.
You will also use data and other available resources to think through various potential solutions. Did you know that employers want people who can face challenging situations with calm and confidence?
Note that understanding problem-solving means you can think critically and look at evidence and patterns, and then using your knowledge and experience to find answers and workable or feasible solutions.
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About The New York Institute of Finance
The New York Institute of Finance (NYIF) is a global leader in professional training for financial services and related industries. NYIF courses cover everything from investment banking, asset pricing, insurance and market structure to financial modeling, treasury operations, and accounting. The New York Institute of Finance has a faculty of industry leaders and offers a range of program delivery options, including self-study, online courses, and in-person classes. Founded by the New York Stock Exchange in 1922, NYIF has trained over 250,000 professionals online and in-class, in over 120 countries.
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