Pause for a moment and reflect on what the impact of any or worse a combination of these behaviours would be on leader’s job performance.
Hopefully, you will agree that the above are all examples of poor emotional capability that will impact negatively on a leader or manager to successfully function in such a role IRRESPECTIVE of what his IQ, qualifications, past experience and competencies are.
So just how big a deal is poor EQ when it comes to individual and organisational performance?
According to research done by Daniel Goldman, the founder of the concept of emotional intelligence or capability:
Emotional Capability (EQ) accounted for 67% of the abilities deemed necessary for superior performance in leaders and mattered twice as much as technical expertise.
Studies have also shown that high EQ resulted:
in 50% less turnover in teams
56% higher than average customer loyalty
38% more productivity
27% more profitability
Improved Sales
Reduced Lost Time Accidents
Reduced Grievances
(Daniel Goldman, Six Seconds)
Pepsi found that executives with high EQ’s:
generated 10% more productivity,
they had 87% less turnover and that they brought $3.75M more value to the company,
they increased ROI by 1000%.
L’Oreal found that salespeople with a high EQ sold $2.5M more than others.
When Sheraton decided to incorporate an EQ initiative, their market share grew by 24%.
(https://www.anneloehr.com/2015/04/30/emotional-intelligence-effects-bottom-line/)
While EQ may seem like an intangible, warm and fuzzy, nice to have concept these statistics clearly indicate that it is in fact one of the most fundamental drivers of individual and organizational performance. This makes it critical to assess EQ when making hiring, talent and development decisions when recruiting.