Power Skills training as a form of flexible remuneration

power skills and flexible remuenration

Although Power Skills are not so well known, recently there has been a lot of talk about the terms Soft Skills and Hard Skills. As you probably know, these terms refer to those skills of people that allow them to perform better at work: Soft Skills improve relationships and the work environment, while Hard Skills are more focused on efficiency.

Today, it is possible to be trained in Soft Skills and Power Skills and to add this learning within a company’s flexible compensation plan. So, with all this… What are Power Skills? How can we teach them to our employees? And how can we include them in our flexible compensation plan? Let us tell you!

What are Power Skills?

Power Skills are essentially the evolution of Soft Skills. They are those skills that allow a person to carry out his or her work in the best possible way, with the greatest efficiency.

Their difference with Soft Skills lies essentially in the name, which refers to their relevance in today’s world. Soft Skills are perceived as secondary skills, as an extra on top. On the other hand, Power Skills are considered indispensable in many jobs.

Some examples of the most popular Power Skills are:

  • Time Management:

A person’s ability to organize and get the work done in time. It is also related to setting priorities.

  • Adaptation to change:

Closely related to a person’s ability to learn. It refers to knowing how to manage new situations as quickly as possible.

  • Communication:

A very generic term that includes a large number of differentiated skills, such as assertiveness or public speaking. For this reason, it is especially relevant in managerial profiles.

What does flexible compensation mean?

When we talk about flexible compensation, we are talking about an alternative form of compensation. The employees of a company can decide to receive part of their salary in goods and services rather than in cash.

A company can offer language courses (for example) as a form of payment, reducing the end-of-month salary by an agreed amount. And if you say language courses, you can also say medical insurance, company car, restaurant tickets…

The advantage of this form of remuneration is that the products do not tend to be taxable for income tax purposes. It is therefore a form of remuneration that is particularly suitable for times of inflation.

How to include Power Skills training in your flexible compensation plan?

Many companies have a flexible compensation plan tailored to their needs. Of course, each company needs to analyze which benefits they have access to and can therefore offer to their employees.

Therefore, in order to include Power Skills training in your company’s flexible compensation plan, it is important to consider several points:

  • Your company’s needs:

The Power Skills training you offer to your employees must be relevant to your company. This means analyzing where there is room for improvement and determining which skills can help.

  • Employee needs:

Each employee, each department, benefits from different skills when performing their job. For example, manager profiles benefit more from communication skills, while any employee will benefit from learning how to adapt to change.

  • Access to courses:

Not all companies have access to all courses. Depending on their dealings with specialized training companies, the courses they can offer will vary. Before preparing the flexible compensation plan, it is important to analyze the different offerings to determine the most appropriate for the business plan.

  • Communication:

With the course pool selected, it is time to let employees know that they can choose certain Power Skills courses as a form of flexible compensation. Therefore, it is necessary to communicate this information in the most effective way. Every company has different ways of communicating with its employees, from an intranet to a bulletin board. Select the most efficient channel, create an informative text listing all courses and make sure that all employees receive it.