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Writer's pictureHarry Lakin

Improving Emotional Intelligence Can Be An Earnings Boon


improving emotional intelligence

As far as skill sets are concerned, technical skills and knowledge have long been seen as the primary drivers of corporate success. However, a growing body of research suggests that emotional intelligence (EQ) may be an even more crucial factor in determining your earning potential. Let's explore how enhancing your EQ can add actual dollars to your pocket.


The Emotional intelligence-Earnings improvement Connection


Dr. Travis Bradberry, co-author of "Emotional Intelligence 2.0" and co-founder of TalentSmart, has conducted extensive research on the link between EQ and earnings. In a study of over a million people, Bradberry found that individuals with high EQ earn an average of $29,000 more per year than those with low EQ. Moreover, every point increase in EQ adds $1,300 to an individual's annual salary.


But Bradberry isn't alone in his findings. A study published in the Journal of Vocational Behavior found that employees with high EQ received greater merit increases and held higher company ranks than employees with low EQ. This correlation held true even when controlling for other relevant variables like age, gender, and job satisfaction.


Why EQ Matters in the Workplace


Emotional intelligence encompasses four core skills: self-awareness, self-management, social awareness, and relationship management. These skills are crucial in the workplace for several reasons:


  1. Better Communication: High-EQ individuals can express themselves clearly and understand others' perspectives, leading to more effective teamwork and leadership.

  2. Stress Management: They handle pressure well, maintaining productivity even in challenging situations.

  3. Conflict Resolution: Their ability to navigate interpersonal conflicts smoothly makes them valuable team members and leaders.

  4. Adaptability: High-EQ individuals are more adaptable to change, a critical skill in today's fast-paced business environment.


How to Improve Your EQ


Fortunately, unlike IQ, emotional intelligence can be developed and improved throughout your life. Here are some strategies:


  1. Take a great Behavioral Assessment test. This will help you increase self-awareness and ultimately to learn self-management strategies.

  2. Practice Self-Reflection: Regularly assess your emotions and reactions to different situations.

  3. Seek Feedback: Ask colleagues and mentors for honest feedback about your interpersonal skills.

  4. Develop Empathy: Make a conscious effort to understand others' perspectives and feelings.

  5. Manage Stress: Learn and practice stress-management techniques like mindfulness or meditation.

  6. Improve Communication Skills: Work on active listening and clear, empathetic communication.


Bottom Line Dollars


Investing in your emotional intelligence is not just about personal growth—it's a strategic career move that can significantly impact your earning potential. As Daniel Goleman, a pioneer in EQ research, states, "The most effective leaders are all alike in one crucial way: they all have a high degree of what has come to be known as emotional intelligence."


By focusing on developing your EQ, you're not just becoming a better communicator, team player, and leader—you're also paving the way for greater financial success. In a world where technical skills can be automated or outsourced, your emotional intelligence may well be your most valuable asset.






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