Question

If you are not an HRM or business major, or you do not plan to take an assignment in the compensation function in the foreseeable future, you may be thinking that this section isn’t relevant to you. Let me assure you, it is. Whether you plan on a career in the compensation field, the lessons you learn in this course will help you in business and in your life. Also, it is only through the aggregate of your educational experience that you will have the opportunity to develop many of the skills that employers have identified as critical to success in the workplace. In this course, and, specifically in this text, you’ll have the opportunity to develop and practice seven important skills in the following ways: communication, critical thinking, collaboration, knowledge application and analysis, business ethics and social responsibility, information technology application and computing skills, and data literacy.1-Communication: is defined as effective use of oral, written, and nonverbal skills for multiple purposes (e.g., to inform, instruct, motivate, persuade, and share ideas); effective listening; using technology to communicate; and being able to evaluate the effectiveness of communication efforts—all within diverse contexts. 2-Critical thinking involves purposeful and goal-directed thinking used to define and solve problems and to make decisions or form judgments related to a situation or set of circumstances. 3-Collaborative learning takes place in a situation in which individuals actively work together on a task, constructing meaning and knowledge as a group through dialogue and negotiation resulting in a final product reflective of joint, interdependent actions. 4-Knowledge application and analysis is defined as the ability to learn a concept and then appropriately apply that knowledge in another setting to achieve a higher level of understanding. All the activities discussed in this section provide you with multiple opportunities to think through solutions to specific problems and generalize these processes to other situations you will likely encounter in the future. 5-Business ethics are sets of guiding principles that influence the way individuals and organizations behave within the society that they operate. Two additional issues require everyone’s attention. The first, corporate social responsibility, is the implied, enforced, or felt obligation of managers, acting in their official capacity, to serve or protect the interests of groups other than themselves. Second, corporate sustainability focuses on the possible future impact of an organization on society, including social welfare, the economy, and the environment. Both issues are like ethics; however, ethics also focuses on individual decision making and behavior as well as the impact of ethical choices on employee welfare.6-Information technology application and computing skills are defined as the ability to select and use appropriate technology to accomplish a given task. The individual is also able to apply computing skills to solve problems. 7-Data literacy is the ability to access, assess, interpret, manipulate, summarize, and communicate data. Throughout this book, the newly created feature titled FYI provides tidbits of information from survey research and extensive databases (e.g., weekly pay statistics) that illuminate trends, opinions, and the use of specific compensation practices.

Question: How are the seven employability skills relevant regardless of your career aspirations?

Answer 1

The answer to the question:

In the given article, seven employability skills, communication, critical thinking, collaboration, knowledge application and analysis, business ethics and social responsibility, information technology application and computing skills, and data literacy are mentioned as relevant skills regardless of career aspirations.

1. Communication is relevant for anyone as it helps individuals to accomplish goals efficiently. In any organization, the employees need to inform the superiors or instruct the subordinates, motivate the subordinates, or persuade the superior for project approvals. In such situations communication is useful.

2. Critical thinking is relevant, as it helps the individual to make decisions after careful evaluation of different factors.

3. Collaboration helps individuals to enhance productivity, improve skills by learning from other employees in the organization.

4. Knowledge application and analysis is relevant as it helps the individuals to implement what they learned in the college. An individual may encounter new challenges in the organization. This skill helps them to discover new approaches to deal with the challenges.

5. Business ethics help individuals to decide the correct actions that help them to grow. For instance, a person who does not cheat while working can learn more than the individuals who use cheating tricks to escape from work.

6. Information technology is widespread and helps the individuals to make decisions with comparatively fewer efforts.

7. Data literacy helps individuals to understand, interpret, analyze, and present different data to concerned persons, which makes decision making easier. For instance, the knowledge about graphs helps an HR manager to explain the trend in the attrition rate or helps a finance professional to explain movement in the stock prices.