Soft Skills

A A A

DEFINITION

The character traits and interpersonal skills that characterize a person's relationships with other people. In the workplace, soft skills are considered a complement to hard skills, which refer to a person's knowledge and occupational skills. Sociologists may use the term soft skills to describe a person's "EQ" or " Emotional Intelligence Quotient" (as opposed to "IQ").

INVESTOPEDIA EXPLAINS

Soft skills have more to do with who we are than what we know. As such, soft skills encompass the character traits that decide how well one interacts with others, and are usually a definite part of one's personality. Whereas hard skills can be learned and perfected over time, soft skills are more difficult to acquire and change.


The soft skills required for a doctor, for example, would be empathy, understanding, active listening and a good bedside manner. Alternatively, the hard skills necessary for a doctor would include a vast comprehension of illnesses, the ability to interpret test results and symptoms, and a thorough understanding of anatomy and physiology.




RELATED TERMS
  1. Interpersonal Skills

    The skills used by a person to properly interact with others. In the business ...
  2. Hard Skills

    Specific, teachable abilities that can be defined and measured. By contrast, ...
  3. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, ...
  4. Behavioral Finance

    A field of finance that proposes psychology-based theories to explain stock ...
  5. Behavioral Economics

    The study of psychology as it relates to the economic decision making processes ...
  6. Market Psychology

    The overall sentiment or feeling that the market is experiencing at any particular ...
  7. Loss Psychology

    The emotional aspects associated with investing and the negative sentiment associated ...
  8. Ltd. (Limited)

    An abbreviation of "limited," Ltd. is a suffix that follows the name ...
  9. BHD (Berhad)

    The suffix Bhd. is an abbreviation of a Malay word "berhad," which ...
  10. AG (Aktiengesellschaft)

    AG is an abbreviation of Aktiengesellschaft, which is a German term for a public ...
Related Articles
  1. Is Your Personality Preventing Profitable ...
    Investing Basics

    Is Your Personality Preventing Profitable ...

  2. Dealing With 10 Coworker Personality ...
    Professionals

    Dealing With 10 Coworker Personality ...

  3. 7 Types Of People Who Fail In Finance
    Professionals

    7 Types Of People Who Fail In Finance

  4. The 7 Most Universal Job Skills
    Professionals

    The 7 Most Universal Job Skills

  5. Matching Investing Risk Tolerance To ...
    Active Trading Fundamentals

    Matching Investing Risk Tolerance To ...

  6. Your Personality Is Your Investment ...
    Retirement

    Your Personality Is Your Investment ...

  7. How To Invest In Corporate Spin-offs
    Chart Advisor

    How To Invest In Corporate Spin-offs

  8. Wall Street’s Glass Ceiling
    Professionals

    Wall Street’s Glass Ceiling

  9. 4 Contract Essentials You Need to Know
    Budgeting

    4 Contract Essentials You Need to Know

  10. 5 Reasons You’ve Got the Wrong Mindset ...
    Budgeting

    5 Reasons You’ve Got the Wrong Mindset ...

comments powered by Disqus
Hot Definitions
  1. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  2. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  3. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  4. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  5. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
  6. Balanced Investment Strategy

    A portfolio allocation and management method aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.
Trading Center