Job Requirements Quiz

Hard Skills and Soft Skills

• Hard skills are specific, teachable abilities or knowledge sets, such as programming, accounting, or proficiency in a foreign language.
• Soft skills encompass interpersonal traits, including communication, teamwork, empathy, and problem-solving abilities.

Iceberg Theory in Hiring

• The Iceberg Theory suggests that observable qualities are only a small part of what makes an effective employee, with deeper qualities like values, beliefs, and motivations hidden beneath the surface.
• Hiring should prioritize these underlying attributes to ensure long-term success and fit within the organization.

Importance of Core Job Competencies

• Core job competencies define the essential skills and qualities needed to perform a job effectively.
• They serve as benchmarks for employee performance evaluation, recruitment, training, and development.

Value Systems Influencing Employee Behavior

• Different value systems shape how employees perceive their roles and responsibilities, influencing their behavior.
• Factors include individual beliefs, organizational culture, ethical principles, and personal priorities.

Analogy for Right People in an Organization

• Finding the right people for an organization is often compared to assembling a puzzle, where each piece represents an employee whose unique skills and attributes contribute to the overall picture of success.

Sole Proprietorships: Key Characteristics

• Attract small investors due to their straightforward establishment process and low startup costs.
• Owners retain full profits generated by the business without sharing with partners or shareholders.
• The business does not have a legal distinction between owner and entity, increasing personal financial risk.
• Formation involves less complexity and lower expenses compared to starting a corporation.
• Taxation occurs at individual income rates rather than corporate tax rates, simplifying tax responsibilities for the owner.