21 Most Valuable Career Skills: Career Development, Guidance, Planning

by DerdriuMarriner

The 21 most valuable career skills turn being good at and putting in time on a job into career development, guidance and planning for promotions and raises.

21 Most Valuable Career Skills Attract Promotions, Raises

The 21 most valuable career skills advance their practitioners through “know-how that pays off the most at work” in terms of promotions and raises, according to the June 2016 issue of MONEY.

Co-authors Megan Leonhardt, Kerri Anne Renzulli and Cybele Weisser base their identification of the winning skills set upon collaborative research with the compensation data site PayScale.com. The list comes from analyses, carried out through the combined teamwork of MONEY and PayScale.com, of 15,000 job titles for 54 million employees in 350 industries. The analyses determine what skills from a set of 2,300 direct employees of similar age, experience, location and title toward career advancement and pay raise opportunities.

The co-authors explain that “Of course, knowing which skills are in demand is the first step” since “Next, you’ll need to go out and acquire them.”

*****
MONEY Magazine
225 Liberty Street
New York, NY 10281-1008

Facebook: facebook.com/moneymagazine
Instagram: instagram.com/moneymag
LinkedIn: linkedin.com/company/money-magazine
Pinterest: pinterest.com/moneymagazine
Telephone: (212) 522-1212
Twitter: twitter.com/money
Website: http://money.com/

*****

Understanding statistical analysis systems (SAS) is the top-ranking ability.
Understanding statistical analysis systems (SAS) is the top-ranking ability.

21 Most Valuable Career Skills Favor Data Smarts

 

Keeping up with the “technological, economic, and social forces that are transforming so many industries” furnishes the common link behind the 21 most valuable career skills.

The skills give their practitioners as much as 6.1 percent boosts in pay in the case of the top-ranking ability to understand statistical analysis systems (SAS). The last of the skills, new business development through “bringing in partners and brokering revenue-generating deals,” has the possibility of increasing employee paychecks by 3.0 percent. Between the extremes is a series of skills sets that support “making sense of big data,” “managing the bottom line,” thinking strategically and “wrangling new tech.”

Logistics-, marketing- and operations management-related data mining and search engine marketing join contract negotiation for business, finance and management in warranting 5.0 and 5.1 percent raises.

 

Shaun ‏@shaunalger tweets that "Money Magazine 21 Most Valuable Career Skills" by @shaunalger on @LinkedIn"

2:28 PM - 23 May 2016
2:28 PM - 23 May 2016
In today's digital-first world, SAP (systems, applications and products) savvy translates into raises.
In today's digital-first world, SAP (systems, applications and products) savvy translates into raises.

21 Most Valuable Career Skills Kindle Field-Specific Expertise

 

Customer service analysis, financial analysis, sales of complex technology, software development, strategic planning, and strategic project management keep employees eligible for 4.0 to 4.9 percent raises. Business analysis, computer-aided design, forecasting, IT security, lean manufacturing patient education, and risk and systems, applications and products (SAP) management land 3.3 to 3.9 percent raises.

All of the 21 most valuable career skills merge to foster fluency in analyzing data, comprehending and predicting losses and profits, and fine-tuning field-specific information technology. Paul McDonald, Robert Half staffing firm senior executive director, notes a photographer’s advancement by understanding creativity and “the finances and budgeting of the entire” photo agency. Katie Bardaro, PayScale.com’s data analytics vice president, observes that Epic software-fluent health care and Workday-fluent human resources employees respectively earn 8.5 and 9.6 percent higher salaries.

 

Project Management Institute credentials are conducive to pay raises.
Project Management Institute credentials are conducive to pay raises.

21 Most Valuable Career Skills Pay Faster, Longer

 

Education through accredited coursework, in-house training and online classes, educational experience through mentorships, and experience through volunteering prod acquiring the 21 most valuable career skills forward. Thirty-five hours of coursework and three years’ experience before passing the $555.00, 200-question Project Management Institute exam qualifies employees for formal credentials conducive to pay raises. CareerBuilder surveys of over 2,300 hiring and human resources managers reveal that employers may offer go-getters free access to Lynda-com’s multi-unit “learning paths” and online tutorials. Samantha Raniere, executive coach in San Francisco, California, states that “deep knowledge of the business” must precede mentorship with “someone who is really good at it.”

Savvy career development, guidance and planning ultimately turn around “understanding the business purpose” served by doing jobs well, according to David Hayes, Boston-area recruiter in Massachusetts.

 

SAS (Statistical Analysis System) ranks first; New Business Development ranks 21st.
SAS (Statistical Analysis System) ranks first; New Business Development ranks 21st.

Acknowledgment

 

My special thanks to talented artists and photographers/concerned organizations who make their fine images available on the internet. 

 

Money reporter Megan Leonhardt co-authored "The 21 Most Valuable Career Skills Now" with Cybele Weisser, Money's contributing editor, and Kerri Anne Renzulli, Money's family finance reporter.

Megan Leonhardt's Facebook profile picture
Megan Leonhardt's Facebook profile picture

Sources Consulted

 

Weisser, Cybele; Renzulli, Kerri Anne; and Leonhardt, Megan. June 2016. “The 21 Most Valuable Career Skills.” Money, Volume 45, Number 5, pp. 42-50.

 

Money magazine's family finance reporter Kerri Anne Renzulli teamed with Cybele Weisser, Money's contributing editor, and Money reporter Megan Leonhardt to identify "The 21 Most Valuable Career Skills Now."

Kerri Anne Renzulli's Facebook profile picture
Kerri Anne Renzulli's Facebook profile picture
the end which is also the beginning
the end which is also the beginning

Money magazine subscription ~ Available now via Amazon

As the U.S.A.'s largest personal finance magazine, Money magazine aims to demystify money management, not just in investment portfolios, but in daily intersections of life and money (career, family, finances, health,home, spending, etc.).
career skills

Me and my purrfectly purrfect Maine coon kittycat, Augusta "Gusty" Sunshine

Gusty and I thank you for reading this article and hope that our product selection interests you; Gusty Gus receives favorite treats from my commissions.
DerdriuMarriner, All Rights Reserved
DerdriuMarriner, All Rights Reserved
Updated: 02/16/2019, DerdriuMarriner
 
Thank you! Would you like to post a comment now?
7

Comments

Only logged-in users are allowed to comment. Login
DerdriuMarriner on 07/29/2019

Mira, Thank you for your observations.
What I mean by social skills -- to clients, customers and patrons as well as to peers and superiors -- perhaps best is summed up by your insight that "what I feel is falling by the wayside in much of the business world these days is kindness. I learned how to be more gentle from several supervisors in my twenties, but now things are very rushed and many people are struggling just to cope."
In another direction, can you think of non-American-made films that show someone consuming drinks or food at work or in their residence without offering any to guests or passersby? I noticed in the Elementary procedural drama television series -- and in a number of U.S. films -- that's what characters do when they're hiding something or up to no good. For example, the killer in the episode When Your Number's Up pours herself a drink in front of her sister without offering her anything despite the latter being her accountant trying to save her from financial catastrophe.

Mira on 07/23/2019

P.S. In my previous answer I was referring to team building activities, for instance. Some companies pay big bucks for them. But, judging from what I can see around, there are also many companies where there is little time and money for fun and games, especially smaller companies.

Mira on 07/23/2019

Oh, I think they do, but what I feel is falling by the wayside in much of the business world these days is kindness. I learned how to be more gentle from several supervisors in my twenties, but now things are very rushed and many people are struggling just to cope.

DerdriuMarriner on 07/22/2019

Mira, Thank you for the observations. It's interesting how today's most valuable career skills no longer overtly emphasize social and team-playing skills.

Mira on 07/19/2019

In my experience, some job demands these days, with everything changing so fast and people wanting to adapt at a hare's place, place ridiculously big expectations on the employees / workers. Which is fine in your twenties or thirties. But then it becomes too much for too little. But each person is different and sometimes some people do hit the rewards pot.

katiem2 on 10/19/2018

Derdriu, Thank you I will pass that along.

DerdriuMarriner on 10/18/2018

katiem2, Thank you for stopping by and liking what you see. The apple doesn't fall far from the tree so your daughters have nature and nurture on their side ;-D. You have my best wishes personally and professionally for them and you.

katiem2 on 10/18/2018

My daughter is going to a second interview today, it is 3 hours long. She has another second interview tomorrow, it is very interesting how the interview processes are now. She has graduated with two degrees, one in neuroscience and the other psychology. People say it is hard to get a job nowadays, but she was determined to get a job in her field, she has had many exciting prospects and I am confident she will chose between one of the two job offers she will no doubt be offered over the next few days. I remembered this blog and came back to review. It is a useful tool, thank you. I am convinced it is this resource that helped her become so marketable in her field and near landing a job in it without a few short months.

DerdriuMarriner on 04/03/2017

katiem2, It's tough to get to the top and stay there, and from what I've seen it's exactly the way you put it. It's the one who juggles everything, from work ethic to people skills, since yes, it's clear who's "hardly working."

katiem2 on 03/26/2017

I feel, been my experience, that the most effective people work all the tools, have good people skills, follow through and a good overall work ethic, work being the key word. It is obvious who works!


You might also like

Thinking Like a Boss Gives Millennials Career and Leadership S...

An article by Meredith Bryan in Self magazine lists three leadership skills t...

Boosting Productivity for Financial Success and Personal Devel...

Alignment of thoughts with focus and goals gives greater chances than any app...


Disclosure: This page generates income for authors based on affiliate relationships with our partners, including Amazon, Google and others.
Loading ...
Error!