Emotional Intelligence: An Opportunity for EA Professionals in Organizational Consulting Handouts O Emotional Intelligence quizzes (websites) O Emotional Intelligence Fact Sheet O The Five Pillars of Emotional Intelligence O Emotional Intelligence: Improving yourself in each of the five elements O Emotional Intelligence: Managers do you? O Emotional Intelligence: What are your strengths and limitations? O Building Emotional Intelligence in your organization O Books on Emotional Intelligence Emotional Intelligence Quizzes Emotions covered in 20 photos: Determining emotions by facial expressions. Check this one out: www.greatergood.berkeley.edu/ei_quiz/ I recommend this one: www.atrium.haygroup.com/us/quizzes/emotional-intelligencequiz.aspx Two others: www.Psychology.about.com/library/quiz/bl_eq_quiz www.queendom.com>tests>iqtests Emotional Intelligence Fact Sheet Many coaches use the E.Q.–I and E.Q 360 and the Baron EQ-i. Yale’s School of Management has added an E.I. test to its admissions requirements. Bloomberg’s Business week One in five people said, “Caring about people like me” was the key factor in their choice of President. Obama scored 82% to Romney’s 18% on who they believed was more “empathetic.” Washington Post exit poll 90 % of businesses see the importance of E.I. in business. Only 22% are using it. “90% of top leadership performers have a high amount of E.I.” Harvey Deutschendorf, 2013 71% of hiring managers said they value emotional intelligence over I.Q. Harris Interactive, 2001. Some companies are now incorporating emotional intelligence measures into the hiring process, job descriptions and measuring performance evaluations. 24% of hiring managers said they are placing greater emphasis on emotional intelligence when hiring and promoting post-recession, according to a Career Builder survey. Unhappiness among workers in America is costing a shocking $300 billion per year in lost productivity. Gallup estimates that workers who are actively disengaged cost the U.S. as much as $550 billion in economic activity yearly. Seven out of 10 workers have “checked out” at work or are “actively disengaged,” according to the Gallup survey. (Poll covered 2010-2012). Employee retention: Many studies show that the total cost of losing an employee can range from tens of thousands of dollars to 1.5-2x annual salary. “Employee Retention Now a Big Issue: Why the Tide has Turned” by Josh Bersin. Principle and founder of Deloitte. 8/13. 70-90 % of workplace bullies are supervisor and managers.” Anti-bullying Advocacy: An Unrealized EA Opportunity” by Gary and Ruth Namie in Journal of Employee Assistance, 3rd Q. 2003. Bullying is responsible for: 83% 0f staff turnover 87% of absenteeism 21-58 % of reduced efficiency 19-28 % of decline in work quality 10 % of mediations or grievances 10 % of employee errors 18 % of employees’ reasons for seeking counseling. Esque Walker Only 19% of 411 employees surveyed in U.S. and Canada reported being satisfied with their jobs. 16% were somewhat satisfied. Two thirds said they were not happy at work. Susan Adams, Right Management, 5/12 Survey of 30,000 workers worldwide showed that between 28-56% of employees in 17 spots worldwide wanted to leave their jobs. In the U.S., 32% wanted to find new work. “Worldwide employee turnover is set to spike in 2014, reaching 23.4% in 2018.” Daniel Goleman, Susan Adams--Mercer Survey, 11/11 Stress is the number one workforce risk issue, ranking above physical inactivity and obesity, according to the 2013/2014 Towers Watson Staying@Work Survey. However, only 15% of employers identify improving the emotional/mental health (i.e., lessening the stress and anxiety) of employees as a top priority of their health and productivity programs. 11/13/13 Poll of nearly 240,000 fulltime workers and 66,000 part-time workers, determined that 10.8 % of full-time workers have received a depression diagnosis. 16.6 % of part-time workers had received the diagnosis. Gallop-Healthways Well Being Index Three quarters of employees aren’t fully engaged at their jobs. Dale Carnegie Training A series of studies found a correlation between low EQ and theft and shrinkage while another study in the construction industry found that workers with low EQ had a higher likelihood of on the job injuries. Zerorisk HR, Inc. 10 reasons your top talent will leave you: 40 % don’t respect the person they report to; 50 % say they have different values than their employer. More than 70 % don’t feel valued or appreciated by their employer. Forbes Magazine, 12/13/12. The best-managed teams (top 25%) versus the “worst-managed” (bottom 25%) teams in any workplace had 50 % fewer accidents and 42 % fewer quality defects. In the same report, Clifton stated that disengagement, which results from terrible managers, is driving up the country’s health care costs. Jim Clifton, Gallop Chairman and CEO in State of the American Workforce. 2013. Plants that had higher organizational engagement achieved higher bottom-line results and a drop in employee turnover rate of 63%. European study conducted by Six Seconds, The Emotional Intelligence Network. The U.S. Air Force saved $19 million on recruitment costs in one program, (U.S. Pararescue Jumper program). Reduced turnover rates of recruits High scores on 5 factors: assertiveness, empathy, happiness, self-awareness, and problem solving 2.7 x more likely to succeed Retention rate increased by 92% $2.7 in savings 85 % of your financial success is due to skills in “human engineering,” your personality, and ability to communicate, negotiate, and lead. Only 15% is due to technical knowledge.” Carnegie Institute of Technology “EQ was the best predictor of who the “star performers” would be in a group of engineers. The “adaptability” factor of the EQ-i turned out to be the best single predictor, accounting for 25% of the variance.” Bar-on EQ-i data Top performers average 30% higher on E.I than others. (Hospital study). 27-45% of success in the workplace can be attributed to Emotional Intelligence. (no citation) In interviews with two million employees at 700 companies, researchers found that most workers rate having a caring boss even higher than money or fringe benefits. It also found that the length of time employees stay at companies and their level of productivity are directly related to the relationships they have with their immediate supervisor. Gallop Organization 91% of Canadian managers and supervisors recognize the importance of improving their E.Q. and believe it is possible to do so. Workplace Strategies for Mental Health, 10/18/12 One study of 44 Fortune 500 companies found that salespeople with high EQ produced twice the revenue of those with average or below average scores. Hay Group study A Fortune 500 company in financial services proved that their high EQ salespeople produced 18% more than the lower salespeople. Hay Group study A Texas-based fortune 500 company, after using an emotional intelligence-based selection assessment and EQ training and development program, increased retention rate by 67% in the first year. Hay Group study A large metropolitan hospital reduced its critical care nursing turnover from 65 % to 15% within 18 months of implementing an emotional intelligence screening assessment. Hay Group study Emotional Intelligence: The Five Pillars Daniel Goleman Self-Awareness “Comfort in our own skin” Understanding our strengths, limitations, emotions, and their impact on others Having a strong sense of one’s worth and capabilities Self-confidence Realistic self-assessment Self-depreciating sense of humor Self-Regulation (self-management) Can demonstrate maturity (the gap between impulse and action) and restraint when revealing themselves Suspending judgment and control/think before acting Flexibility in dealing with changing situations and obstacles Inhibiting emotions in the service of the group or organizational norms Ignore distractions and temptations in pursuit of goals Trustworthiness and integrity Comfort with ambiguity Openness to change Motivation Strong inner drive to achieve, not just for money and titles. Resilient and optimistic Pursue goals with energy and persistence Organizational commitment Empathy/Social awareness/social competencies Like people and know what makes them tick Compassion and understanding of human motives that allow them to connect emotionally Ability to pick up on others’ emotions and cues and react to them Consider others’ feelings in decision making Taking time to listen to the concerns of others Perceiving political relationships within the organization Cross cultural sensitivity Service to clients and customers Social/People skills/relationship management Good at managing relationships, communicate efficiently, manage conflict Inspiring and guiding teams of people Helping others to improve performance Initiating or managing change Resolving disagreement Persuasiveness in getting others to agree with you Finding common ground and building rapport Creating a shared vision and synergy Emotional Intelligence: Improving Yourself in Each of the Five Elements Self Awareness Keep a journal Slow down Self regulation Know your values Hold yourself accountable Practice being calm Motivation Reexamine why you are doing your job Know where you stand Be hopeful and finds something good Empathy Put yourself in someone else’s shoes Pay attention to body language Respond to feelings Social skills Learn conflict resolution Improve your communication skills Learn how to praise others Daniel Goleman in Mind tools.com Emotional Intelligence As a manager do you? Make employees feel that we are “all in this together? Are employees’ suggestions, concerns, and challenges acknowledged and when possible, acted on? Do your employees feel valued? How do you know? Are your employees listened to? Do they think so? Do you have a strong set of corporate values, a mission statement and specific goals? Do you help direct employee energy and help them see how their individual contributions are part of a greater whole? Do you invest time listening, gathering feedback, and incorporating that feedback into company policy and its mission statement? Do you help employees achieve their full potential through making educational and career advancement opportunities available and encouraging employees to use these resources? Do you pay attention to employee struggles to manage work and home life? From “Why do good employees leave (and how to keep them?” Sharon Florentine, 10/30/13 Emotional Intelligence What are your strengths and limitations? Are you usually aware of your feelings and why you feel that way? Are you aware of your limitations as well as your personal strengths, as a leader? Can you manage distressing emotions well--e.g. recovering quickly when you get upset or stressed? Can you adapt smoothly to changing realities? Do you keep your focus on your main goals, and do you know the steps it takes to get there? Can you usually sense the feelings of the people you interact with and understand their way of seeing things? Do you have a knack of persuasion and using your influence effectively? Can you guide a negotiation to a satisfactory agreement and help settle conflicts? Do you work well on a team, or do you prefer to work on your own? Daniel Goleman in “How to Evaluate Your Own Emotional Intelligence.” 6/27/13 Building Emotional Intelligence in Your Organization 1) Start with yourself. Lead by example-practice E.I. 2) Let the team know how E.I. will benefit them professionally and personally. 3) Develop self-awareness Ask for opinions on decisions Ask for thoughts and feelings Set aside time to discuss difficult issues 4) Strengthen communication Teach body language Create avenues for “venting” negative emotions Avoid Group Think Think positively 5) Encourage healthy conflict Teach conflict resolution skills Set ground rules 6) Set specific learning goals Do a personal SWOT analysis Set specific individual goals Provide construction feedback Books On Emotional Intelligence O Mitch Anthony, Selling with E.Q. 2003. O Warren Buffett, On Becoming a Leader 2009. O Travis Bradberry and Jean Greaves, The Emotional Intelligence Quick Book 2005. O Jeanne Ann Craig, Ph.D. It’s Not How Smart You Are, It’s How You Are Smart. 2001. O Cary Cherniss and Mitchell Adler, Promoting Emotional Intelligence in Organizations 2000. O Christine Comaford, Smart Tribes: How Teams Become Brilliant Together. 2013. O David R. Caruso and Peter Salovey, The Emotionally Intelligent Manager 2004. O Harvey Deutschendorf, The Other Kind of Smart: Simple Ways to Boost Your Emotional Intelligence for Greater Personal Effectiveness, and Success. 2009. O Daniel Goleman, Working with Emotional Intelligence , 1998. O Daniel Goleman, Leadership: The Power of Emotional Intelligence. 2011. O Daniel Goleman, Emotional Intelligence: Why It Matters More Than I.Q. 1995. O Cary Cherniss and Daniel Goleman, The Emotionally Intelligent Workplace , 2001. O Daniel Goleman, Social Intelligence: The New Science of Human Relationships. 2002. O Daniel Goleman, Richard Boyatzis and Annie McKee, Primal Leadership: Learning to Lead With Emotional Intelligence, 2004. O Daniel Goleman, The Brain and Emotional Intelligence: New Insights, 2011. O Daniel Goleman, Focus: The Hidden Driver of Excellence. 2013 O Marcia Hughes and Ann Miller, Developing Emotional and Social Intelligence, 2010. O Marcia Hughes, Life’s 2% Solution, 2012. O Marcia Hughes, L. Bonita Patterson, and James B. Terrell, Emotional Intelligence in Action: Training and Coaching, Activities for Leaders, 2012. O Patrick Lencioni, The 5 Dysfunctions of a Team,2002. O Adele B. Lynn, The E.Q Difference, 2004. O Linda Lantieri, Building E.I. 2008. O Anthony Mersing, Emotional Intelligence for Project Managers: The People Skills You Need to Achieve Outstanding Results. 2002. O Steve Neal, Lisa Spencer Arnell, and Liz Wilson, Emotional Intelligence Coaching: Improving Performance for Leaders, Coaches, and the Individual. 2012. O David Ryback, Putting Emotional Intelligence to Work 1997. O Laurence E. Shapiro, Ph.D., How To Raise A Child With High E.Q: A Parent’s Guide to Emotional Intelligence. 1998. O Byron Stock, Smart Emotions for Busy Business People, 2008. O Steven Stein, PH.D. and Howard E. Book, M.D., The E.Q. Edge: Emotional Intelligence and Your Success 2001. O Marilyn Tam, Ph.D. The Happiness Choice. 2013 O Bob Wall, Coaching for Emotional Intelligence: The Secret to Developing the Star Potential in Your Employees. 2006 O Bob Wall, Working Relationships Using Emotional Intelligence, 2008. O Hendrie Weisinger,Ph.D, E.I at Work: The Untapped Edge of Success. 2000.