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Soft skills dying out as training budgets slashed

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Soft skills dying out as training budgets slashed

Back to school, desk, blackboard

Skills shortages aren’t just limited to technical know-how, with a lack of training leading to a chronic shortage of soft skills in the marketplace.

Ben Foote, CEO of the Australian Institute of Management, suggested that many businesses are overlooking soft skills in their training budgets, and in doing so are restricting their future growth potential.

“While only a minority of employees are currently being invested in for their training and development, the majority want to upskill to help them navigate the changing nature of the business landscape,” Mr Foote said.

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“63 per cent of all jobs are expected to be soft skills-intensive by 2030. So that means that all employees, at every level, will need to learn complex problem solving, critical thinking, creativity, and people management which are all essential to navigate the constantly changing business world.”

However, he claimed that “Australia just isn’t ready, with soft skill demand far outpacing supply”.

“We speak to lots of businesses who say organising learning and development is time consuming, expensive and in most cases just for a few people who put their hand up the highest,” said Mr Foote.

“As the world moves faster, training is vital to empower and retain employees. AIM Access opens doors to learning for all employees as well as streamlining costs and easing administrative burdens.”

Adam Zuchetti

Adam Zuchetti

Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016. 

The two-time Publish Awards finalist has an extensive journalistic career across business, property and finance, including a four-year stint in the UK. Email Adam at This email address is being protected from spambots. You need JavaScript enabled to view it.

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