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EMOTIONAL INTELLIGENCE –
POSITIVE CHANGES FOR 2013


WIBFI – 24th January 2013
 Clare   Mulligan MSc, B.A.(Psych), FLIA QFA


   Organisational Psychologist
   24 years working in Financial Services
   Consultant Psychologist for Financial
    Services sector
   Research – Workplace trends,
    generational diversity, consumer
    psychology, portfolio careers, ageing
    workforces, retirement
OVERVIEW
 What is Emotional Intelligence (EI/EQ)?
 History of Emotional intelligence

 Research highlighting organisational benefits

 Workplace trends

 Processing information and wisdom

 Components of Emotional Intelligence

 Low Emotional Intelligence

 Practical tips for your improving Emotional
  Intelligence
WHAT IS EMOTIONAL INTELLIGENCE
   Emotional intelligence (EI) refers to the ability to
    perceive, control and evaluate emotions.

   When applied to the workplace EI involves thinking
    “intelligently” about our own and others’ emotions
    and how they influence our thoughts and
    behaviours at work

   Positive relationship between emotional intelligence
    and job performance, satisfaction and well being.

   Focuses on behaviours, not personality
The driving
                                         purpose of
FOUR EI DIMENSIONS                      EI and life in
                                           general
        Strong, healthy and effective
                relationships



                 Relationship
                 Management
                   Social
                 Awareness
             Self Management

              Self Awareness
History of Emotional Intelligence
Year    Author              Key Concept
1930s   Edward Thorndike    describes the concept of "social
                            intelligence"
1940s   David Wechsler      affective components of intelligence

1950s   Abraham Maslow      emotional strength
                            Self Actualization
1975    Howard Gardner      multiple intelligences
1985    Wayne Payne         introduces the term emotional
                            intelligence

1990    Peter Salovey and   landmark article, "Emotional
        John Mayer          Intelligence,"
1995    Daniel Goleman      Emotional Intelligence: Why It Can
                            Matter More Than IQ
EVIDENCE OF EI – MARSHMALLOW TEST
EVIDENCE OF STUDIES USING EI
 Study of 44 Fortune 500 companies - salespeople
  with high EI produced twice the revenue.
 Technical programmers were developing software
  three times faster than those with lower EI
 Financial advisers at American Express, after
  training, improved customer relationships and had
  higher sales per customer.
 research in over 200 companies -

    Mid level high performers = one third technical
     skill and cognitive ability. Two thirds is EI
    High performing leaders = four-fifths of the
     difference is due to EI
LEADERSHIP
CURRENT INTEREST IN EMOTIONAL
INTELLIGENCE

  Positive        Women in
                                   Gen Y
 Psychology       Business


                  Careers –
  Work Life                     Psychological
                psychological
 Integration                      Contract
                 successes


                         Knowledge
          Diversity
                          Worker
SKILLS FOR MODERN WORKPLACE


              Coaching/
 Networking                   Team work
              mentoring

                             Sales/
  Decision
              Resilience   Relationship
  Making
                           Management


  Change                     Stress
              Leadership
Management                 Management
AN AMYGDALA HIJACK!!

   Amygdala – everything
    we feel about an
    experience is stored here
   Amygdala triggers
    release of corisol
   Directs energy from
    intellect to senses
   brain rushes blood to
    muscles needed for
    fighting or fleeing
   You are unable to focus
    your thinking or actions
 Smart is ability to learn
 Wisdom – situational

 Wise people generally share an optimism that life's
  problems can be solved and experience a certain
  amount of calm in facing difficult decisions.
FOUR EI DIMENSIONS
        Strong, healthy and effective
                relationships



                 Relationship
                 Management
                   Social
                 Awareness
             Self Management

              Self Awareness
Self                           Other
              Personal Competence                    Social

              Self-Awareness              Social Awareness

              •Emotional Self-Awareness   •Empathy
Recognition   •Accurate Self-Assessment   •Service Orientation
              •Self-Confidence            •Organisational Awareness



              Self-Management             Relationship Management

              •Self-control               •Developing others
              •Trustworthiness            •Influence
              •Conscientiousness          •Communication
Regulation    •Adaptability               •Conflict management
              •Achievement drive          •Leadership
              •Initiative (+Innovation)   •Change catalyst
                                          •Building Bonds
                                          •Teamwork & Collaboration
SELF AWARENESS - EMOTIONAL AWARENESS
o   Recognition of own emotions
o   Recognise effect of emotions
o   Ability to use values to guide decision making

o   Strong in Emotional Awareness
    o Know which emotions they are feeling and why
    o Realise link to emotion and behaviour
    o Guiding awareness of values and goals and
       passions
SELF AWARENESS – ACCURATE SELF
ASSESSMENT
o   A sense of personal strength and limits.
o   Clear vision of where to improve
o   Ability to learn from experience

o   Strong in Accurate Self Assessment
    o Aware of strengths and weaknesses
    o Reflect and learn from experiences
    o Open to feedback, learning and self
       development
SELF AWARENESS – SELF CONFIDENCE
o Courage that comes from certainty about our
  capabilities, values, goals and self worth

o   Strong in Self Confidence
    o Self assured
    o Can voice views that are unpopular
    o Are decisive
    o Inspire confidence
    o Self efficacy – belief in skills
SELF ASSESSMENT
                  Development   Average   Strength
                  Opportunity
Self Awareness
Accurate Self
Assessment
Self Confidence



 What am I passionate about?
 What am I best at?

 What do I value?
BENEFITS OF EMOTIONAL INTELLIGENCE

  manage
                                    Communicate
 emotions in       Relieve stress
                                     effectively
positive ways


                                     Assist with
 Greater self      Understanding
                                     setting own
 awareness          of behaviour
                                        goals


   Develop         Become more          Better
cognition skills     resilient      relationships
LOW EI?
LOW EI
 Not aware of own value set and passions.
 May be a workaholic

 Indecisive

 May have a difficult time interpreting,
  understanding, and acting on emotions.
 Often have difficulty expressing their own emotions

 May experience low self-esteem and poor self-
  confidence
 May have difficulty feeling empathy
LOW EI
   Attribution theory
     behaviour of others - internal attributions, such as
      personality traits.
     our own behaviour external attributions, such as
      situational or environment.
   Actor/Observer Difference
       We see ourselves as being less predictable, whilst
        others are assumed to be more one-dimensional, with
        less possible behaviours.
   Stereotypes
EI CAN BE DEVELOPED
HOW TO IMPROVE YOUR EMOTIONAL
INTELLIGENCE
   Take a minute during the day to check in with
    yourself
       Attune to your feelings
       Recognise your emotion
       Assess behaviour
       Self honesty
       Don’t rationalise
2. LISTEN AND OBSERVE
3. REFLECT ON EMOTIONAL LEARNING
4. CONTROL YOUR EMOTIONS BY LOOKING AHEAD




   “Youranger, depression, spite, or
    despair, so seemingly real and
    important right now; where will they
    have gone in a month, a week, or even
    a moment?”
5. CHANGE YOUR MOOD
6. BECOME WISER
7. LISTEN TO YOUR BODY
8. ASK SOMEONE ELSE
9. ONLY FOCUS ON WHAT YOU CAN CONTROL
10. DISCOVER YOUR OWN LEVEL OF
    EMOTIONAL INTELLIGENCE
“I have learnt that people will forget what you
said,
people will forget what you did,
but people will never forget how you made
them feel”

Maya Angelou
Women in Banking and Finance Presentation on Emotional Intelligence

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Women in Banking and Finance Presentation on Emotional Intelligence

  • 1. EMOTIONAL INTELLIGENCE – POSITIVE CHANGES FOR 2013 WIBFI – 24th January 2013
  • 2.  Clare Mulligan MSc, B.A.(Psych), FLIA QFA  Organisational Psychologist  24 years working in Financial Services  Consultant Psychologist for Financial Services sector  Research – Workplace trends, generational diversity, consumer psychology, portfolio careers, ageing workforces, retirement
  • 3.
  • 4. OVERVIEW  What is Emotional Intelligence (EI/EQ)?  History of Emotional intelligence  Research highlighting organisational benefits  Workplace trends  Processing information and wisdom  Components of Emotional Intelligence  Low Emotional Intelligence  Practical tips for your improving Emotional Intelligence
  • 5. WHAT IS EMOTIONAL INTELLIGENCE  Emotional intelligence (EI) refers to the ability to perceive, control and evaluate emotions.  When applied to the workplace EI involves thinking “intelligently” about our own and others’ emotions and how they influence our thoughts and behaviours at work  Positive relationship between emotional intelligence and job performance, satisfaction and well being.  Focuses on behaviours, not personality
  • 6. The driving purpose of FOUR EI DIMENSIONS EI and life in general Strong, healthy and effective relationships Relationship Management Social Awareness Self Management Self Awareness
  • 7. History of Emotional Intelligence Year Author Key Concept 1930s Edward Thorndike describes the concept of "social intelligence" 1940s David Wechsler affective components of intelligence 1950s Abraham Maslow emotional strength Self Actualization 1975 Howard Gardner multiple intelligences 1985 Wayne Payne introduces the term emotional intelligence 1990 Peter Salovey and landmark article, "Emotional John Mayer Intelligence," 1995 Daniel Goleman Emotional Intelligence: Why It Can Matter More Than IQ
  • 8. EVIDENCE OF EI – MARSHMALLOW TEST
  • 9. EVIDENCE OF STUDIES USING EI  Study of 44 Fortune 500 companies - salespeople with high EI produced twice the revenue.  Technical programmers were developing software three times faster than those with lower EI  Financial advisers at American Express, after training, improved customer relationships and had higher sales per customer.  research in over 200 companies -  Mid level high performers = one third technical skill and cognitive ability. Two thirds is EI  High performing leaders = four-fifths of the difference is due to EI
  • 11. CURRENT INTEREST IN EMOTIONAL INTELLIGENCE Positive Women in Gen Y Psychology Business Careers – Work Life Psychological psychological Integration Contract successes Knowledge Diversity Worker
  • 12. SKILLS FOR MODERN WORKPLACE Coaching/ Networking Team work mentoring Sales/ Decision Resilience Relationship Making Management Change Stress Leadership Management Management
  • 13.
  • 14. AN AMYGDALA HIJACK!!  Amygdala – everything we feel about an experience is stored here  Amygdala triggers release of corisol  Directs energy from intellect to senses  brain rushes blood to muscles needed for fighting or fleeing  You are unable to focus your thinking or actions
  • 15.  Smart is ability to learn  Wisdom – situational  Wise people generally share an optimism that life's problems can be solved and experience a certain amount of calm in facing difficult decisions.
  • 16. FOUR EI DIMENSIONS Strong, healthy and effective relationships Relationship Management Social Awareness Self Management Self Awareness
  • 17. Self Other Personal Competence Social Self-Awareness Social Awareness •Emotional Self-Awareness •Empathy Recognition •Accurate Self-Assessment •Service Orientation •Self-Confidence •Organisational Awareness Self-Management Relationship Management •Self-control •Developing others •Trustworthiness •Influence •Conscientiousness •Communication Regulation •Adaptability •Conflict management •Achievement drive •Leadership •Initiative (+Innovation) •Change catalyst •Building Bonds •Teamwork & Collaboration
  • 18. SELF AWARENESS - EMOTIONAL AWARENESS o Recognition of own emotions o Recognise effect of emotions o Ability to use values to guide decision making o Strong in Emotional Awareness o Know which emotions they are feeling and why o Realise link to emotion and behaviour o Guiding awareness of values and goals and passions
  • 19. SELF AWARENESS – ACCURATE SELF ASSESSMENT o A sense of personal strength and limits. o Clear vision of where to improve o Ability to learn from experience o Strong in Accurate Self Assessment o Aware of strengths and weaknesses o Reflect and learn from experiences o Open to feedback, learning and self development
  • 20. SELF AWARENESS – SELF CONFIDENCE o Courage that comes from certainty about our capabilities, values, goals and self worth o Strong in Self Confidence o Self assured o Can voice views that are unpopular o Are decisive o Inspire confidence o Self efficacy – belief in skills
  • 21. SELF ASSESSMENT Development Average Strength Opportunity Self Awareness Accurate Self Assessment Self Confidence  What am I passionate about?  What am I best at?  What do I value?
  • 22. BENEFITS OF EMOTIONAL INTELLIGENCE manage Communicate emotions in Relieve stress effectively positive ways Assist with Greater self Understanding setting own awareness of behaviour goals Develop Become more Better cognition skills resilient relationships
  • 24. LOW EI  Not aware of own value set and passions.  May be a workaholic  Indecisive  May have a difficult time interpreting, understanding, and acting on emotions.  Often have difficulty expressing their own emotions  May experience low self-esteem and poor self- confidence  May have difficulty feeling empathy
  • 25. LOW EI  Attribution theory  behaviour of others - internal attributions, such as personality traits.  our own behaviour external attributions, such as situational or environment.  Actor/Observer Difference  We see ourselves as being less predictable, whilst others are assumed to be more one-dimensional, with less possible behaviours.  Stereotypes
  • 26. EI CAN BE DEVELOPED
  • 27. HOW TO IMPROVE YOUR EMOTIONAL INTELLIGENCE
  • 28. Take a minute during the day to check in with yourself  Attune to your feelings  Recognise your emotion  Assess behaviour  Self honesty  Don’t rationalise
  • 29. 2. LISTEN AND OBSERVE
  • 30. 3. REFLECT ON EMOTIONAL LEARNING
  • 31. 4. CONTROL YOUR EMOTIONS BY LOOKING AHEAD  “Youranger, depression, spite, or despair, so seemingly real and important right now; where will they have gone in a month, a week, or even a moment?”
  • 34. 7. LISTEN TO YOUR BODY
  • 36. 9. ONLY FOCUS ON WHAT YOU CAN CONTROL
  • 37. 10. DISCOVER YOUR OWN LEVEL OF EMOTIONAL INTELLIGENCE
  • 38. “I have learnt that people will forget what you said, people will forget what you did, but people will never forget how you made them feel” Maya Angelou