It is clear that the economic impact of the global pandemic, significant inflation, and the war in Ukraine is accelerating procurement’s transformation from a transactional function to a key enabler of cost management and business growth. In 2020 and 2021, change was thrust upon us all. In 2022 and beyond, companies have the opportunity to own that transformation.
How are business and industry leaders transforming their approach to procurement amid disrupted supply chains, rising costs, and growing uncertainty?
Stanford Research Institute International found that almost 75% of an employee’s success comes from soft skills while only 25% of their success comes from technical skills. These statistics are enough to scream the utter importance of soft skills training for running a successful business.
While we know how essential soft skills are, let’s dive into the types of soft skills and the reasons why they are so important in a workplace.
At the height of the pandemic, over 120,000 businesses temporarily closed, leaving over 30 million U.S. workers unemployed. Job openings have steadily increased since.
In 2021, employers added an unprecedented 3.8 million jobs, but millions of Americans left the labor force. Now, we have more than two million fewer Americans participating in the labor force than in 2020.
