Lecture

Non-Cognitive Skills in Workplace

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In course

HUM-387: How technology shapes the workplace of the future

Artificial intelligence, big data, and advances in computing power have triggered a technological revolution that may have enormous bearing on the workplace and the labor market. This course provides you with tools to analyze these developments, and discus ...

Description

This lecture explores the importance of non-cognitive skills in job recruitment, emphasizing the need for coaching and mentoring alongside skills training. It delves into the distribution of non-cognitive skills, the role of technology in measuring them, and the impact of competitiveness on different groups. The session includes interactive games to assess competitiveness levels and discusses gender, socioeconomic, and cultural differences in competitiveness. Furthermore, it examines the effects of non-cognitive skills on education, labor market outcomes, and gender disparities. The lecture concludes with interventions to foster non-cognitive skills, such as patience, risk aversion, and self-confidence, highlighting the potential for targeted interventions to improve these skills.

Official source

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Confidence is the state of being clear-headed: either that a hypothesis or prediction is correct, or that a chosen course of action is the best or most effective. Confidence comes from the Latin word fidere which means "to trust". In contrast, arrogance or hubris is a state of unmerited confidence—belief lacking evidence and/or a reason. Overconfidence or presumptuousness is excessive belief in success without regard for potential failure.

Self-esteem

Self-esteem is confidence in one's own worth, abilities or morals. Self-esteem encompasses beliefs about oneself (for example, "I am loved", "I am worthy") as well as emotional states, such as triumph, despair, pride, and shame. Smith and Mackie (2007) defined it by saying "The self-concept is what we think about the self; self-esteem, is the positive or negative evaluations of the self, as in how we feel about it (see Self).

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In psychology, self-efficacy is an individual's belief in their capacity to act in the ways necessary to reach specific goals. The concept was originally proposed by the psychologist Albert Bandura. Self-efficacy affects every area of human endeavor. By determining the beliefs a person holds regarding their power to affect situations, self-efficacy strongly influences both the power a person actually has to face challenges competently and the choices a person is most likely to make.

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In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations.

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