Hiring the Class of 2023 Includes Trainings on Soft Skills

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WSJ Your Money Briefing 7 min 2 speakers 7 chapters transcribed 2 months ago
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What is the main topic discussed in this episode?

J.R. Whalen 0:02
Here's your Money Briefing for Tuesday, June 20th. I'm J.R. Whalen for The Wall Street Journal. Some recent college graduates bring years of classroom training in writing, accounting, or coding to the workforce.

What soft-skill gaps are employers noticing in the Class of 2023?

J.R. Whalen 0:16
But many companies have launched programs to help them polish their soft skills.
Lindsay Ellis 0:21
It's a different skill set and it's a different energy level than maybe what some of these people were used to in hybrid internships or some virtual classes.
J.R. Whalen 0:31
We'll talk to Wall Street Journal workplace reporter Lindsay Ellis after the break.
J.R. Whalen 0:50
Many in the class of 2023 are entering the working world with the skills to do the day-to-day job, but they're lacking so-called soft skills. Wall Street Journal workplace reporter Lindsay Ellis joins us. So Lindsay, what falls under the category of soft skills?
Lindsay Ellis 1:06
Many of the companies that I talked to on this really described training and instruction in a few key areas. When do you send an email versus a Slack message versus pop by in person?

Which specific behaviors count as 'soft skills' new grads are missing?

Lindsay Ellis 1:19
Some of it is, what exactly is business casual? And when you can wear denim, is all kinds of denim okay? Or is it only certain shades or those without rips?
J.R. Whalen 1:30
Why are these skills so important?
Lindsay Ellis 1:31
It's one thing to really master the technical side of work. The aspect of what it's like to work in an office and work face to face, that can be not as intuitive for some people. And according to some of the new graduates I talked to, it's a different skill set and it's a different energy level than maybe what some of these people were used to in hybrid internships or some virtual classes, some in-person classes and the like.
J.R. Whalen 2:01
Why are so many in this year's group of college grads missing these skills compared to past graduates?

How did pandemic-era virtual learning contribute to weaker face-to-face skills?

Lindsay Ellis 2:06
Think back to March 2020 when so many college campuses shut down. The folks who graduated from college in four years, they were freshmen then and just graduating now. So the second half of their freshman year was disrupted. On some campuses, they had far more virtual classes than expected. in their sophomore and junior years. And instead of a fully in-person internship, it might have been a hybrid internship or they might have worked for a company from a distance. So they are less practiced on some of these skills than their predecessors or potentially the people coming after them. The virtual classes aspect of this is also really interesting.

What programs are universities and employers using to teach interpersonal skills?

Lindsay Ellis 2:49
I was talking to one professor who reminded me that on a lot of virtual classes, people had their cameras off. And you can't really tell when a comment doesn't land in a group discussion if you can't see other people's reactions to it. And that type of skill translates to how you work a room in a meeting or how you kind of make the rounds at a networking event.
J.R. Whalen 3:13
In your reporting, you mentioned that schools, recruiters, and companies are placing such an emphasis on interpersonal skills and things like reading body language. Why is that?
Lindsay Ellis 3:22
Partly it's because it's how you make a first impression and build a connection face-to-face. And people are taking different approaches when they're trying to teach these skills. At Michigan State University, for example, their business school has been requiring for some students to instruction on soft skills and they've issued a handout saying, okay, well, when you introduce yourself with your first and last name, pause to give the other person a chance to introduce themselves and kind of really getting down to the details there. One HR leader who I spoke with told me that he gives a pep talk to new graduates saying, It's okay to feel how you're feeling, but make the round, smile, introduce yourself, stick out your hand.
Lindsay Ellis 4:07
And that type of encouragement, he says, can go a long way.

What practical etiquette tips are taught for business dinners and client meetings?

Lindsay Ellis 4:11
Then there's the soft skills that are more conversational. If you're a new graduate and it's your first time on a business trip, having dinner with a client, what do you talk about around the table? What feels okay? What feels like a little awkward? It's that kind of thing.
J.R. Whalen 4:28
And for the schools and recruiters and companies providing this training, they're carving out extra time and resources to do it.

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