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The ROI of Emotional Intelligence

The ROI of Emotional Intelligence

The Impact of Emotional Intelligence

Emotional intelligence has become a must have skill and critical basis for strong leadership.

Daniel Goleman, who popularized EI, describes emotional intelligence (EI) as a different way of being smart and cites it as a critical factor underpinning high performance and exceptional leadership. 

“It’s not your IQ; it’s how you manage yourself and your relationships.” – Daniel Goleman

Being an emotionally intelligent leader can pay dividends when it comes to inspiring teams, managing stress, staying focused, delivering feedback, empathizing with colleagues, and working together toward a shared goal.

And the benefits don’t stop there.

If you’ve ever wondered about the impact emotional intelligence can have on personal and professional development, consider these findings:

  • Studies show 90% of top performers have high emotional intelligence and a higher average annual income
  • Empathic leaders perform more than 40% higher in employee engagement, coaching, and decision-making
  • More than 95% of surveyed founders stated EQ (emotional intelligence) in leadership is more important than IQ
  • People with high levels of emotional intelligence earn an average of $29,000 more a year

Developing EI happens one person at a time — it starts with you and me — but our growth can be felt by the people in our life. Friends, family, and colleagues are all impacted when we practice emotional intelligence.

As a predictor of life success, EI has become one of the most highly valued and sought after skill sets, with no slowdown in sight. By 2024, global demand for EI skills is actually expected to increase by 6x.

The good news is the economic value and business case for EI has been well made.

Even better news? Emotional intelligence is both teachable and learnable.

If you’re ready to jumpstart your emotional intelligence journey, you can learn the 12 emotional intelligence (EI) competencies from Daniel Goleman’s EI model through a series of facilitated, six-week online courses: Foundational Skills and Relational Skills.

The EI skills included in the Foundational Skills Course: Emotional Self-Awareness, Focus, Emotional Self-Control, Positive Outlook, Adaptability, and Empathy.

The EI skills included in the Relational Skills Course: Conflict Management, Teamwork, Inspirational Leadership, Coach and Mentor, Influence, and Organizational Awareness.

These 12 competencies are crucial for developing your best self, becoming an outstanding leader, and building high-performance teams.

As part of an engaged cohort and led by a trained facilitator, you can join a community of peers and experts while learning the science behind each core competency, why they matter, and how to apply them to positively differentiate yourself, build deeper relationships, and pave a path toward fundamental transformation.

Grow your EI and earn a certified digital achievement badge while:

  • Developing one of the most in-demand and highly valued job skills
  • Mastering the underlying abilities that make stellar leaders
  • Achieving greater self-awareness, self-worth, and values alignment
  • Building positive relationships and meaningful connections

Invest in emotional intelligence today. Your future self will thank you.

Learn more about upcoming courses at courses.keystepmedia.com.

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What is Emotional Intelligence?

What is emotional intelligence (EI)? This is one of the most frequently asked questions that Daniel Goleman (Dan), psychologist and author of the New York Times bestseller “Emotional Intelligence: Why It Can Matter More Than IQ,” gets from his audience. 

If you’re new to the work of EI or if you’re in need of a refresher, this article will define emotional intelligence and break down the four domains and twelve competencies that make up Dan’s framework. We’ll also provide guidance for how you can assess your own emotional intelligence and outline some resources you can use to continue your EI learning journey.

What does Emotional Intelligence (EI) mean?

Emotional Intelligence refers to a different way of being smart. EI is a key to high performance, particularly for outstanding leadership. It’s not your IQ, but rather it’s how you manage yourself and your relationships with others.

—Daniel Goleman, Crucial Competence: Building Emotional and Social Leadership

The 4 Domains and 12 Competencies of Emotional Intelligence


There are four domains and 12 competencies in Daniel Goleman’s model of EI

The four domains are as follows:

  • Self Awareness
  • Self Management
  • Social Awareness
  • Relationship Management

Under the four domains mentioned above, there are 12 competencies, which are as follows:

  1. Emotional Self-Awareness
  2. Emotional Self-Control
  3. Adaptability
  4. Achievement Orientation
  5. Positive Outlook
  6. Empathy
  7. Organizational Awareness
  8. Influence
  9. Coach and Mentor
  10. Conflict Management
  11. Teamwork
  12. Inspirational Leadership

What is a Competence?

A competence is a skill needed to perform a role, or task. There are two types of competency: Threshold Competencies and Distinguishing Competencies. Threshold Competencies are the minimum one needs to handle the cognitive complexity of a given task. Distinguishing Competencies are those traits found the the highest performers that set them above the average. Daniel Goleman and Richard Boyatzis analyzed the internal competency models of dozens of organizations to identify Distinguishing Competencies common to all, and built their model of Emotional Intelligence from that data.

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The 12 Emotional Intelligence Competencies Defined

What is Emotional Self-Awareness? 

Emotional Self Awareness lies at the heart of emotional intelligence. Emotional self awareness is the ability to understand our own emotions and their effects on our performance. You realize how your feelings affect you and how well you’re doing. Your values and sense of purpose help set your course of action. 

What is Emotional Self-Control?
Emotional Self-Control (also known as emotional balance) is the ability to keep your disruptive emotions and impulses in check to maintain your effectiveness under stressful or even hostile conditions. With emotional balance, you recognize disruptive emotions—emotions that get in the way like high anxiety, intense fear or quick anger—and you find ways to manage your emotions and impulses. You stay calm and clear headed under stress, even during a crisis.

What is Positive Outlook? 

Positive Outlook is the ability to see the positive in people in situations and events. It means persistence in pursuing goals despite setbacks and obstacles, you can see the opportunity in situations where others would see a setback that could be devastating, at least for them. 

What is Achievement? 

The Achievement competence means that we strive to meet or exceed a standard of excellence. We look for ways to do things better. We set challenging goals, we take calculated risks. There’s a big paradox about achievement orientation, and that is when you have positive goals, it’s very helpful. But if you stay in this overdrive all the time and try to drive other people in the same pace, you can become a toxic leader. Even though achievement drive helps you get your career goals, it may make you unhappy in your life.

What is Adaptability? 

The Adaptability competence is flexibility and handling change and juggling multiple demands, adapting to new situations with new ideas or innovative approaches. It means you can stay focused on your goals, but easily adjust how you get there. You can meet new challenges and you’re nimble and adjusting to sudden change. You’re comfortable with the uncertainty that leadership can bring.

What is Empathy? 

The Empathy competence means you have the ability to sense others feelings and how they see things. You take an active interest in their concerns. You pick up cues to what’s being felt in thought. with empathy, you sense unspoken emotions. You listen attentively, to understand the other person’s point of view, the terms in which they’re thinking about what’s going on. empathic leaders are able to get along well with people of very different backgrounds and cultures, and to express their ideas in ways the other person will understand. Empathy doesn’t mean psyching out the other person so you can manipulate them, but rather, it’s knowing how best to collaborate with them.

What is Organizational Awareness? 

Organizational awareness means the ability to read a group’s emotional currents and power relationships, identify influencers, networks, and the dynamics that matter in making decisions. A leader who can recognize networking opportunities and read key power relationships will do a better job at leading. Such leaders not only understand the forces at work in an organization, but also the guiding values and unspoken rules that operate among people.

What is Influence? 

Influence as a competence refers to the ability to have a positive impact on others, to persuade or convince them to gain their support. If you’re strong in the influence competence, you’re persuasive and engaging and you can build buy-in from key people. Remember, leadership is the art of getting work done well through other people. And influence is the most powerful way to do that. 

What is the Coach and Mentor Competency? 

The Coach and Mentor competency is the ability to foster the long term learning or development of others. By giving feedback and support. You have a genuine interest in helping them develop further strengths. You give timely, constructive feedback, you understand the person’s goals, and you try to find challenges for them. 

What is Inspirational Leadership? 

The Inspirational Leadership competence is the ability to guide people to get the job done to bring up their best. With inspiration, you can articulate a shared mission in a way that motivates and offers a sense of common purpose. Beyond people’s day to day tasks. 

What is Teamwork? 

The teamwork competence is the ability to work with others toward a shared goal, participating actively sharing responsibility and rewards and contributing to the capability of the team. you empathize and create an atmosphere of respect, helpfulness and cooperation, you can draw others into active commitment to the team’s effort. Leaders skilled at the teamwork competence build spirit, positive relationships, and pride of identity at being on the team. And it’s not just teams. This competence holds the key to collaboration of any kind. 

What is Conflict Management? 

The conflict management competency means the ability to help others through emotional or tense situations, to tactfully bring disagreements into the open and to define solutions that everyone can endorse. leaders who take time to understand the different perspectives work toward finding a common ground on which everyone can agree. They acknowledge the views of all sides, while redirecting energy toward a shared ideal, or an agreeable resolution. Clearly being able to manage conflict matters for leaders. But that doesn’t mean convincing other people that yours is the correct opinion. There’s a difference between winning and effectively managing conflict.

How to Measure Your Emotional Intelligence (EI) Competencies

Daniel Goleman and Richard Boyatzis developed an instrument in partnership with Korn Ferry to help people who want to develop their strengths in emotional intelligence. The assessment tool is called the Emotional and Social Competence Inventory (ESCI). The ESCI is a 360 degree measure meaning that you first evaluate yourself, and then you ask up to 10 people who know you well, and whose opinions you value and trust, to rate you anonymously. The information collected is then fed back to you as an aggregate with a profile of your strengths and weaknesses. 

The value of the ESCI is that you can understand how others see you in relation to each of the emotional intelligence competencies. The tool also helps you identify which competencies you are skilled at and which you may need to strengthen in partnership with an EI-certified coach or develop on your own.

Emotional Intelligence Resources

If you are just beginning to explore emotional intelligence, our hope is that this article served as a valuable starting point. If you’re interested in delving deeper into emotional intelligence, below is a list of resources which may further your understanding of the brain science behind the work.

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The Vernacular of Compassion

Bryant Johnson at Work
Bryant Johnson at Work
The author at his desk

As I type this (well, not literally), I’m putting the finishing touches on a promotional video for First Person Plural: EI & Beyond, a new podcast from Key Step Media. While my brain is awash in keyframes, masking layers, and animated warp deformations, I thought I’d take a moment to introduce myself, and my role in bringing you First Person Plural.

My name is Bryant Johnson. I’m a graphic designer, illustrator, and lately, an associate producer on First Person Plural. I’ve been working with Key Step Media (né More Than Sound) for seven years, designing the visual look for books, videos, pamphlets, and online trainings.

This spring, as I hunkered down in the pandemic bunker with my partner, my cats, and more streaming video than one could reasonably expect to consume in a lifetime (actually, I should have written “more books”—pretend I typed that instead), Hanuman reached out to me with the idea of creating a podcast on emotional intelligence with his father Daniel Goleman. He wanted to do a more freeform exploration of the subject, emphasizing lived human experiences. And, he asked if I’d be interested in working on it.

Of course I said yes.

Audio isn’t exactly my medium—I’ve spent most of my life working in visual media: first in print, then video and board games, and later graphic design. But the subject is one I hold dearly.

Emotional intelligence is the reconciliation between the inner world of our thoughts, emotions, hopes, fears, and biases, with the external world of our interaction with others, and the systems we all navigate.

It’s a vocabulary to describe the dynamics we’ve observed and experienced for our entire lives, but didn’t know how to express. And when everything feels like it’s on fire, it’s a bucket of cool water within grabbing distance.

In the weeks since I first wrote this, much has changed in the world. We will have the opportunity to work towards a future without hate; without fear; without a cynical and mortally willful ignorance of reality.

What excites me is the chance to combine my experience in visual storytelling with a new [to me] medium: to craft new ways to make the material accessible, educational, and fun. To build an equitable future, we need more compassion. I hope that First Person Plural will make that abundantly clear, and give listeners a chance to build the skills of emotional intelligence—the vernacular of compassion—in themselves.

We have some exciting episodes in production, and I can’t wait to have you all join us in this endeavor!

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IQ or EQ? You Need Both

IQ versus EQ

The CEO of one of the world’s largest financial companies told me, “I hire the best and brightest – but I still get a Bell Curve for performance.” Why, he wanted to know, aren’t the smartest MBAs from top schools like Stanford, Harvard, and Wharton all highly successful on the job?

The answer lies in the interplay between IQ and emotional intelligence – and explains why you need both for high performance.

More than a century of research shows IQ is the best predictor of the job you can get and hold. It takes a high ability level in handling cognitive complexity to be in a profession like medicine, a C-suite executive, or a professor at one of those prestigious business schools.

The more your job revolves around cognitive tasks, the more strongly IQ will predict success. A computer programmer, accountant, and academic will all need strong cognitive skills to do well.

Then why the dismay of that CEO?

The more your success on the job depends on relating to people – whether in sales, as a team member, or as a leader – the more emotional intelligence matters. A high-enough IQ is necessary, but not sufficient, for success.

Just as is true for IQ, there are many models of emotional intelligence. In mine there are two main parts: self-mastery and social intelligence. The purely cognitive jobs require self-mastery – e.g., cognitive control, the ability to focus on the task at hand and ignore distractions.

But the second half of emotional intelligence, social adeptness, holds the key to that CEO’s question. As long as those super-smart MBAs are working by themselves, their IQ and self-mastery makes them high performers. But the minute they have to mesh on a team, meet clients, or lead, that skill set falls short. They also need social intelligence.

Claudio Fernandez-Aroaz, former head of research at Egon Zehnder International, spent decades hiring C-level executives for global companies. When he studied why some of those executives ended up being fired, he found that while they had been hired for their intelligence and business expertise – they were fired for a lack of emotional intelligence. Though they were smart, they were bullies or otherwise inept at people management.

Along the same lines, my colleague Richard Boyatzis, a professor at the Weatherhead School of Management at Case Western University, has found that the vast majority of leadership competencies that predict the performance of sales leaders are based on emotional and social intelligence – not cognitive intelligence (like IQ).

Then there’s a brand new meta-analysis of 132 different research studies involving more than 27,000 people, which I heard reported on by a co-author, Ronald Humphreys, a professor at Virginia Commonwealth University. That yet-to-be published analysis concluded that emotionally intelligent leaders have the most satisfied employees – if you like your boss, you’re more likely to like your job (just contemplate the opposite, morbid reality).

And reviewing all peer-reviewed research to date, the same study says emotional intelligence has been found to boost:

And then there’s general life satisfaction and the quality of your relationships.

So even though some academic studies seem to show emotional intelligence matters little for success in a job like sales, I’m skeptical.

 

ADDITIONAL RESOURCES

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Put theory into practice with the Leadership: A Master Class Training Guide. Each module offers individual and group exercises, self-assessments, discussion guides, review of major points, and key actionable takeaway plans. The materials allow for instructor-led, self-study or online learning opportunities. Includes over 8 hours of video footage with George Kohlrieser, Bill George, Teresa Amabile and more.

What Makes a Leader

What Makes a Leader: Why Emotional Intelligence Matters presents Daniel Goleman’s groundbreaking, highly-sought Harvard Business Review and Egon Zehnder International articles compiled in one volume. This often-cited, proven-effective material has become essential reading for leaders, coaches and educators committed to fostering stellar management, increasing performance, and driving innovation.

FURTHER READING

Let’s not underrate emotional intelligence

It’s not IQ part 2

Leader spotting: 4 essential talents