Proving the Value of Soft Skills: Measuring Impact and Calculating ROI
is Published Today

Birmingham, Alabamaโ€”August 4, 2020. ROI Institute celebrates publishing its newest book, Proving the Value of Soft Skills: Measuring Impact and Calculating ROI (Patricia Pulliam Phillips, Jack J. Phillips, and Rebecca Ray; Alexandria, VA: ATD Press, 2020). This book will be an indispensable reference for anyone involved in showing the value of soft skills projects and programs. Using a step-by-step process, the book shows how to align soft skills programs and initiatives to important organizational measures, design programs to deliver success, and measure success with five levels of outcomes. The book also details how to forecast the value of soft skills projects in advance and how to use data to improve programs.

Typically, soft skills programs are identified as leadership development, team building, communication, problem-solving, creativity, onboarding, coaching, and other programs that often involve interpersonal communications. Hard skills are often referred to as technical tasks, job-related skills, or technology. There is much evidence that soft skills deliver more value than hard skills.  The methods of showing the impact and ROI of a soft skill program are described in this book.

โ€œTalent development professionals know the importance of soft skills, typically covered in key programs involving team building, communication, engagement, management development, and leadership development, among others,โ€ Jack J. Phillips, chairman of ROI Institute said. โ€œAt the same time, we know many top executives prefer to invest in hard skills, such as science, technology, engineering, and mathematics (STEM). Through many ROI studies, results have shown that soft skills deliver more value and higher ROIs than hard skills. Senior executives just donโ€™t have enough of this type of data.โ€

โ€œIntuitively, executives understand that soft skills create the most successful organizations, the most innovative companies, the most sustainable firms, and the great places to work,โ€ added Patti P. Phillips, CEO of ROI Institute. โ€œBut more data and proof of value are needed to increase or sustain the investment in soft skills. This book provides the framework and methodology to accomplish this in a systematic way. It provides the proof.โ€

โ€œFor this book, we teamed up with our well-respected colleague, Rebecca Ray, who made important contributions to the book,โ€ explained Patti Phillips. โ€œRebecca has experience putting soft skills programs into practice and making them work in very well-known organizations. Rebecca has also extraordinary experience with ensuring those programs deliver the success the executives needed to see. At The Conference Board, she routinely surveys and interviews top executives about human capital issues and this usually leads to insights into soft skills.โ€

โ€œTogether, we bring you a wealth of insight into how to show the value of soft skills,โ€ said Rebecca Ray, executive vice president, The Conference Board. โ€œWritten in an easy to understand format, this book shows how to develop relationships between variables, how to predict the success of soft skills programs, how to determine the value of intangibles that are hard to value, how to show the business value of particular soft skills programs, and how to calculate and forecast the ROI of various projects and programs.โ€

โ€œProving the Value of Soft Skills also includes seven detailed case study examples to show how to measure and evaluate soft skill programs and initiatives,โ€ said Ann Akins, president of ROI Institute. โ€œThis book shows what is being measured, how it is being measured, and how the data are used to improve the efforts of soft skills programs to develop and engage the talent within an organization while driving important outcomes.โ€

โ€œWith todayโ€™s economic uncertainties, proving the value of your major soft skills programs is a requirement โ€“ not a luxury. Showing the value of major programs in terms that stakeholders understand and appreciate is key in securing funding and support for continued implementation,โ€ added Jack Phillips. โ€œWhen reporting the outcomes of your programs and efficient use of resources, showing the financial ROI is a definite plus.โ€

Proving the Value of Soft Skills is available through the ATD Bookstore, Amazon.com, ROI Instituteโ€™s Books & Resources Center, and wherever books are sold.  To order this book at a discount price, click here. To learn how to prove the value of soft skills in a comprehensive one-day virtual workshop, click here. For more information about this book, the ROI Methodology, ROI Certification, or ROI Institute services, please contact info@roiinstitute.net.

About ROI Instituteยฎ

ROI Institute, Inc., founded in 1992 as a service-driven organization, assists professionals in improving programs and processes using the ROI Methodologyยฎ developed by Dr. Jack J. Phillips and Dr. Patti P. Phillips. This Methodology is the global leader in measurement and evaluation including the use of return on investment (ROI) in non-traditional applications. ROI Institute regularly offers workshops, provides consulting services, publishes books and case studies, and conducts research on the use of measurement and ROI. This makes ROI Institute the leading source of content, tools, and services in measurement, evaluation, and analytics. Working with more than one hundred ROI consultants, ROI Institute applies the ROI Methodology in 20 fields in over 70 countries. ROI Institute authors have written or edited over 100 books, translated into 38 languages. Organizations build internal capability with the help of ROI Institute and its ROI Certification process. By successfully completing this process, individuals are awarded the Certified ROI Professionalยฎ (CRP) designation, which is respected by executives in organizations worldwide. For more information on ROI Institute, please contact info@roiinstitute.net or visit www.roiinstitute.net.

ROI Instituteยฎ, ROI Methodologyยฎ, Certified ROI Professionalยฎ, and ROI Certificationยฎ are registered trademarks owned by ROI Institute, Inc. and are used by others only with written permission of Jack and Patti Phillips.