3 Benefits of Emotional Intelligence for Today’s Business Leaders

By Shawn Overcast

benefits of emotional intelligence for business leaders

Not long ago, promotions went to employees with the most technical expertise. Companies bent over backward to gain specialized industry knowledge, so it made sense to promote based on its merit. But the times, as they say, are a-changin’. At a certain point in history, technical ingenuity began to take a back seat to interpersonal skills and emotional intelligence. In fact, a recent study by Harris Poll found that 77 percent of employers believe these “soft skills” are as important as talents directly related to specific job functions.

I witnessed this shift while working with one female executive who rose through the ranks to a senior position based on her technical prowess. Those skills opened numerous doors on her path to leadership, but she suddenly experienced a bit of a disconnect.

This new role put her in charge of a team, and her instincts took over when team members presented solutions to problems. She would fall back on her years of experience to provide better answers. This gradually caused employees to rely on her whenever they had problems instead of trying to solve them on their own. She continued to “show them the way” but soon faced resistance and plummeting morale — to the point that human resources received negative comments about her leadership style.

She had built her career on technical smarts, but her performance measure no longer relied on those abilities. Success was now achieved by her ability to build relationships, develop employees, and motivate a high-performing team.

In other words, she lacked what most modern companies crave: emotional intelligence.

What is Emotional Intelligence?

We take tests to measure intelligence, enroll in classes to hone it, and conduct studies to understand it. For all that trouble, intelligence is an incomplete predictor of performance.

Enter Daniel Goleman, who literally wrote the book on emotional intelligence in 1995. This measure of social intelligence refers to the ability to monitor our own and other people’s feelings and emotions, which we then use to guide our thoughts and actions. Emotional intelligence (or EQ) is crucial to everyday social interactions. But how does it relate to business?

Once you transition into a leadership role, you become accountable for more than just yourself. Business leaders are directly responsible for the success of their companies. Numerous facets hinge on their ability to relate to colleagues. It’s no coincidence that 71 percent of hiring managers and HR professionals value EQ more than IQ.

Leaders who can recognize their own emotions in relation to how they affect their behavior are better able to control their own impulses and handle change, and managers who understand the emotions, needs, and concerns of others tend to enjoy better relationships. Performance is about more than simply technical expertise — it relies on our ability to relate to people.

The Must-Have Job Skill

No two leaders are alike, as every person has different skills and experience. That said, some level of emotional intelligence is necessary in modern workplaces. Business leaders who prioritize EQ benefit their organizations in several ways:

Improved Self-management

Being aware of your Go to the full article.

Source:: Business 2 Community

Be Sociable, Share!