At SmartCapitalMind, we're committed to delivering accurate, trustworthy information. Our expert-authored content is rigorously fact-checked and sourced from credible authorities. Discover how we uphold the highest standards in providing you with reliable knowledge.
The statement of qualifications and the summary of qualifications (both called SOQ) are two often-confused terms. In general, a company writes a rather lengthy statement of qualifications that might make them the best company for providing services or materials, or to attract investors. Nonprofit corporations may write one in order to show their charitable abilities, business plan and mission statement.
Additionally, such a statement may include things like company history. The SOQ might list the company's tax identification number for handy reference and contact information. It may also summarize the organization’s different departments or number of employees.
The statement may be provided on a website. In fact, one can view numerous SOQs from both profit and nonprofit corporations online. It is also usually available in print form for prospective investors, purchasers, or those who wish to donate money.
On the other hand, a summary of qualifications is written by a resume writer, and usually consists of two to three sentences that are meant to emphasize the job seeker's best skills for the job to which he or she is applying. In a sense, both types of SOQ serve a similar purpose: they are meant to impress their readers into hiring them for the job or otherwise responding positively.
Another possible definition for SOQ is the lengthy statement that might be required by someone bidding on a job, like a contractor. Generally this statement is much longer than what is found on a resume, although the goal of “getting the job” remains the same. An SOQ from a contractor might include references to past projects, as well as listing the contractor’s experience. It may be required in addition to a resume for the contractor.
Adding a summary of qualifications on a resume for a simple job is optional, but it can be an excellent way of calling attention to one’s superlative qualities. A well-composed SOQ can elicit good feelings from a potential employer. Whereas most of the resume is a list of skills and education, a sentence or two summarizes the list and is a handy reference tool.