Business leaders with a lack of soft skills may end up losing their competency in the digital world, where CEOs are struggling to meet the changing demands of customers, a LinkedIn survey has found.
A business leader must inspire his subordinates, says the social media firm, adding that many employees it surveyed were not confident that their bosses would ever try to take a grip on the technology driving their business.
“Willingness to embrace change will be critical for business leaders,” stated the report citing a past study that says one-third of the U.S. workforce will need to enter new occupational categories by 2030.
To address the challenges posed by the increasing use of artificial intelligence and the changing demands of customers, business leaders need to be more agile and willing to embrace technology, the report noted.
In the survey, more than half (51%) of respondents said leaders would need to know how to be motivated, engaging, and inspiring.
A purpose-driven mindset will be critical to hiring and retaining new talent, according to the LinkedIn survey. It also adds that it had also found that more than half (52%) of U.S. millennials prioritize “values” over a paycheck.
Employees, on the other hand, say they are prepared for the new trends in their industries. More than 50% of respondents stated they are “definitely” taking steps to make, while 56% noted their leadership is only “somewhat” prepared.