Watch how they answer these questions and think about them when you’re choosing who to hire. Higher Levels of Motivation Those who have a higher EQ have a better ability to organise themselves and their workload, self-regulate their tasks and time, and higher levels of motivation to accomplish things. Enhances leadership … It brings more individuals to the table and helps avoid the many pitfalls of groupthink. The World Economic Forum (2016) ranked emotional intelligence sixth in the top ten skills employees need by 2020 to succeed in the future workplace. Using emotional intelligence to be a great coworker Being a good coworker is largely a matter of contributing to the workplace morale and team spirit. The current way of thinking is to match the right temperament to the right role for the optimal chance of success. Even though employees usually know that changes within an organization are what is best for the company, that doesn’t mean everyone will be open to it. The benefits of emotional intelligence (EI), self-worth, authenticity and meditation are now being picked up by mainstream corporations. In certain environments, employees with high levels of emotional intelligence may be better able to cooperate with others, manage work-related stress, solve conflicts within workplace relationships, and learn from previous interpersonal mistakes. Emotional intelligence is widely recognized as a valuable skill that helps improve communication, management, problem-solving, and relationships within the workplace. Value and Benefits of Emotional Intelligence. Most of us realize that IQ or what we commonly call intelligence … In these situations, it’s important to stay calm and avoid an emotional outburst. Since social skills are a critical component of high EQ, the overall company culture improves in the workplace as individual team members focus on developing high emotional intelligence. You’re at work and there’s so much to be done. Emotional Intelligence (EQ) is the ability to identify, use, understand, and manage emotions in an effective and positive way. Emotional intelligence is a vital consideration in the workplace for many reasons, but there are two that really stick out: It is linked to higher job satisfaction for those with high EI/EQ as well as employees who work with or are managed by those with high EI/EQ. By using emotional understanding, you can make decisions, solve problems and communicate more effectively. As a global health insurance company, we can help you find the best solution for your needs and budget no matter where you are in the world. Some benefits of emotional intelligence at the workplace include: Employees with higher emotional intelligence naturally work better as a team for several reasons. Embracing the nuances of human emotion in the workplace can have pragmatic benefits, such as better collaboration among employees and a happier workplace, according to Rex Huppke. Benefits of emotional intelligence in the workplace Multiple organisations use EQ to make important decisions, such as, hiring employees and deciding on pay rises. Persistence is an ideal quality for a salesperson to have while someone who is insistent will waste time trying to sell to a person who clearly won’t buy – simply because they can’t take no for an answer. When there is low EQ in the workplace, people tend to not take responsibility for mistakes. And emotional intelligence matters more than it used to because the workplace has changed. Emotionally intelligent people are able to: While some people naturally have high EQ, it is also a skill that can be practiced and developed. A workforce that is made up of emotionally intelligent employees helps boost morale in the workplace. Practicing emotionally intelligent behaviors helps your brain adapt to making these behaviors automatic and take the place of behaviors that are less helpful. Compassion allows a person to connect with others on an emotional level. For instance, a survey from TalentSmart tested emotional intelligence alongside 33 other workplace skills, and found that emotional intelligence was the best predictor of performance. Each day, you must make decisions, and most of them are influenced in some way by your emotions. However, the assessments cannot measure emotional intelligence, which means you cannot tell which are persistent versus insistent. As a result, there are many companies out there with teams that do not feel valued. Outstanding self-management means you can adapt effectively to situations as they change. Emotional intelligence – or EQ – is becoming vital to our success in the digital future of work. Emotionally intelligent employees value their coworker’s input and ideas and are more likely to trust them as well. Here’s why emotional intelligence in the workplace is … Emotional intelligence is a valuable asset in the workplace. But what exactly is EQ, and how could having it (or not) affect your career? The World Economic Forum (2016) ranked emotional intelligence sixth in the top ten skills employees need by 2020 to succeed in the future workplace. If you’re an HR professional, it’s likely that you already know that developing emotional intelligence isn’t much of a priority at the workplace. Some benefits of emotional intelligence in the workplace are: 1. You might be familiar with the longstanding advice that urges professionals to leave emotions at the door when they arrive at work. When she’s not writing, she’s likely searching for a new restaurant or cafe to try, reading or doing yoga. This means that emotional intelligence in the workplace will be slightly different for everyone, as you look to manage your emotions depending on your own personality. Emotional intelligence in the workplace begins with the individual. For more information about any of our articles, or to find out more about the services we offer, visit our site here. Many companies have yet to realize the significance of hiring for emotional intelligence. You might want to think about giving them leadership roles, if they aren’t in one already. What happens to your EHIC card after Brexit? However, with high EQ, particularly for employers, they solve problems better and make suitable decisions. World AIDS Day: Commemorating the 40-year pandemic, 7 tips for a happy and healthy Thanksgiving, All you need to know about group health insurance for your business, Marking International Universal Health Coverage Day 2020, Recognize how their emotions can affect others. They are open to sharing their ideas and listening to other people’s ideas as well. Practiced by persons of any gender, emotional intelligence has much to offer the modern workplace and stakeholders across all functions: It helps leaders motivate and inspire good work by understanding others’ motivations. Companies should never stay stagnant. Pacific Prime is an insurance advisor that offers local insurance solutions and a wide range of plans to cover businesses, individuals, and families. A company is more likely to experience change when their employees are focusing on ways to improve both themself and the company. With a high degree of emotional intelligence, also known as emotional quotient (EQ), in the workplace, a person uses social skills, self-awareness, motivation and self-regulation to acknowledge, comprehend, regulate and reason using the emotions. On a typical work day, she writes and edits articles, guides and anything else word-related. Essentially, measuring emotional intelligence provides insight into a person’s inner workings and makes it easier to match them with tasks. As a leader, you will likely be responsible … Some benefits of emotional intelligence at the workplace include: Better teamwork Employees with higher emotional intelligence naturally work better as a team for several reasons. Since social skills are a critical component of high EQ, the overall company culture improves in the workplace as individual team members focus on developing high emotional intelligence. And maybe most importantly, there is strong evidence that emotional intelligence will protect you from a robot Taking your job. Today we work largely in teams, not isolation, for one thing, and savvy companies are realizing that recognizing emotions exist can lead to healthier environments. The first step is to become self-aware. Emotional insight reveals dynamics between employees and management. 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