EQ (Emotional Intelligence Quotient) is also known as the intelligence quotient of the mind, which refers to the ability to appropriately manage and control one's feelings and emotions, is attracting more and more attention in today's world of diversified work styles, such as telework, three-day workweeks, and lifting the ban on side jobs in Japan. The following is a detailed explanation of why the demand for EQ is increasing, including some background information.
What are companies aware of as the demand for EQ grows? Consider the results of Capgemini's "Emotional Intelligence - the essential skillset for the age of AI" survey.
EQ is becoming an essential skill as AI and automation continues to accelerate
AI and automation will affect job content and employment, and the skills required in the workplace will change in the future. In the companies surveyed, the number of employees worried that their skills will become unnecessary has increased from 30% to 39%, and among millennials in their 20s and 30s, the number has increased from 40% to 50%. This is why EQ, which affects relationships and communication, is gaining attention in addition to the skills that have been considered essential in the past. In fact, according to a Capgemini survey, over 60% of executives said EQ will be an essential skill within five years.
Organizations with high EQ executives experience stronger results
When an organization has people with high EQ, not only does job satisfaction increase, it also has a significant impact on job performance. The research has calculated that organizations that make sustained investments in EQ enjoy a 2.2 to 4.4x ROI in terms of revenue, productivity and cost savings.
Transformational Change in Human Resource Development in Organizations
EQ and business are highly interlinked and the proper implementation results in significant impact on performance, communication, and decision making. For example, people with strong EQ skills are better able to understand the cause-and-effect relationship between emotions and events, and are better able to guide their teams and companies through decisions that will have a significant impact.
Over the next three to five years, the demand for EQ skills is expected to increase six-fold. However, less than 20% of companies actually incorporate EQ into their hiring, training, and other practices, according to the research. Therefore, EQ is a skill that must be developed at the individual level through self-awareness. Coaching is especially recommended for those who want to take their leadership skills one step further. Through coaching, you can hone your EQ skills in a process of self-discovery and self-learning.
BrainMaid offers executive coaching services. This coaching program helps you develop the leadership skills necessary to guide teams and individuals creatively and innovatively. The fully customizable program, which follows the ICF (International Coaching Federation) coaching process, helps you develop the ability to anticipate how your decisions, words, and actions will affect the wider organization. You will expand on skillsets that allow you to effectively foresee and manage circumstances in order to process them into meaningful strategy; these are all critical areas for leaders to stay one step ahead.
BrainMaid also offers free 30-minute coaching demonstrations.
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