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Improve your social skills to increase your pay – WB study

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By Samuel Medenilla

Your next pay hike may depend on how sociable you are in the workplace, according to a new study of the World Bank (WB).

In its Developing Socioemotional Skills for the Philippine Labor Market, World Bank showed that employers are willing to pay higher salaries to workers, who have a more developed socioemotional skills. World Bank defines “socioemotional skills — also known as soft skills, noncognitive skills, or behavioral skills — reflect the worker’s personality, attitude, and mindset.”

“Extraversion and openness to new experiences were the socioemotional skills most strongly correlated with increased earning,” World Bank said in its 115-page report published yesterday.

Other important soft skills valued by employers are decision-making, conscientiousness, grit, agreeableness, and emotional stability.

The trend is especially apparent for female, and young workers.

“Female workers who are more open to new experiences, are extraverted, exhibit strong decision making power, and possess higher levels of grit and conscientiousness are better rewarded in the labor market,” World Bank said.

“The same is true for younger workers, who drive most of the overall correlation between socioemotional skills and wages,” it added.

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