The Missing Skillset That's Hurting American Business:
While skills gaps in areas such as IT and logistics have been known for some time, there is growing consensus of an executive skills gap. That skills gap tends to be in “soft skills”, which includes crucial elements of critical thinking (gathering information, showing vision, and decision making), as well as people skills (inspiring others, communication skills, and coaching). Fortunately, these skills can be taught when the right kind of training program is put in place.
For the past few years, just about every senior executive has had the words “skills gap” on his lips. In fact, a report released last year by Adecco Staffing US found a whopping 92% of executives felt there was a skills gap in their worker pool.1 And so thousands of jobs go unfilled every month because companies can't find the right people with the right skills to fill those positions.
The skills gaps getting the most press seem to be in technical skills: companies with heavy investment in IT, logistics, and manufacturing have felt the widening skills gap for some time. But while the technical skills gap has received much attention, organizations have only recently realized there is an executive skills gap as well. This gap exists despite ongoing investment in leadership development. So if the general agreement is that an executive skills gap exists, the natural question to ask next is: what skills are missing from those executives?
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