Recent research has stated that top skills is required to succeed at Small and Medium Businesses (SMBs) in the APAC region. SMBs are one of the fastest growing sectors and form the backbone of the Indian economy. As the sector continues to expand, critical skills such as management, technology, teamwork, planning, and communication emerge as top priority skills for SMBs in India.
Critical thinking, management and creativity are the top 3 and the most impactful skills required to be successful in a role at a company. Whereas, management, teamwork and digital are considered the most impactful skills to be successful in the company. It is also noteworthy that Indian professionals are most confident to develop skills such as management and technology at their current organisation, among other countries surveyed. These professionals stated that they develop these skills through their day-to-day job, internal training provided by the company, and self-sponsored classes.
In the future, critical thinking, resilience and creativity were concluded as the top 3 most challenging skills to be found. Additionally, among the countries surveyed, India recorded the highest number who believe that technology and digital skills will be the most difficult to find in the future. An SMB’s success is dependent on tight relationships between peers, managers, and teams within the organization. Therefore, soft skills such as strong collaboration and teamwork, good communication skills, digital skills, and the ability to be creative in problem-solving are key to ensure the future growth of a business.
As the SMB landscape evolves with technological progress and globalization, leveraging employer branding tools to attract talent and investing in talent development will be imperative for companies.
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