Four Seasons Hotels and Resorts weigh in with some thoughts about how emotional intelligence can benefit your business in 2020.
The benefits of prioritising emotional intelligence (EI) in the workplace have never been clearer, but putting theory into practice is not always easy.
As fitness goals and personal resolutions come top of mind this New Year, there’s also no better time for companies to begin a practical conversation about corporate culture resolutions, placing people and emotional intelligence at the heart of business decision-making.
“The EI Advantage,” a global study by Harvard Business Review Analytic Services (HBR-AS) and presented by Four Seasons Hotels and Resorts, makes a strong, credible case for prioritising emotional intelligence across an organisation. But the report also shows that senior executives are not walking the walk.
The study found that only 18% of employees strongly agree that their organisations have engrained EI in their cultures. The study also reveals that ignoring EI can lead to low productivity, lukewarm innovation and an uninspired workforce.
Christian Clerc, President of Global Operations, Four Seasons Hotels and Resorts, says: “Four Seasons has long valued emotional intelligence in the workplace, and it’s become more important than ever that we continue to hone our practices, respond to an evolving marketplace and lead the way as we expand operations around the world. This study inspires us to continue to elevate EI across Four Seasons, ensuring that we do not rest on our laurels as we work to prioritise and elevate emotionally intelligent ideas and actions.”
“As we enter 2020, we’re challenging ourselves to place greater focus on EI skills and behaviours, so that as we move through this new decade, we continue to drive innovation, enhance the customer experience and attract the workforce of the future.”
Below, Four Seasons suggests five ways for all organisations to encourage a meaningful corporate culture conversation – one that prioritises EI and the often-overlooked skills of self-awareness, social skill, self-control, and empathy.
- Embody your purpose. Today’s employees look for a shared sense of purpose, and while 80% of respondents say their organisation has a stated purpose beyond meeting financial goals, many think executive behaviour does not reflect it. Most respondents believe that purpose and EI are intrinsically linked and that both are necessary for job satisfaction. As a result, it is more important than ever to live by a mission and share it widely throughout all levels of the organisation.
- Hire for attitude: Emotionally intelligent employees can be identified with thoughtful interview questions such as, “what is the last kind thing you have done for someone, and how did it make you feel?” An inauthentic answer to this question is difficult, with a genuine response guiding an interviewer to a candidate who embodies an emotionally intelligent attitude.
- Reward a sense of humour: Employees are six times more likely to value a sense of humour than to believe their organisations value the same. Celebrating those who bring joy to the workplace, as well as to client relationships, exchanges with customers and other interactions is a way to demonstrate that these skills are important to business.
- Encourage employees to be themselves: Regardless of industry, the study shows that employees who are encouraged to be themselves build stronger bonds with their clients and colleagues, ultimately improving customer experience and loyalty. At Four Seasons, employees are encouraged to be themselves and empowered to connect and engage with guests in an authentic, empathetic manner.
- Elevate self-awareness across the employee experience: Self-awareness is increasingly becoming an important skill for the long-term success of an organisation’s business and corporate culture. To elevate self-awareness and other EI traits, companies should incorporate EI touch points across the employee experience, including facilitated mindfulness activities during on-boarding, 360 performance reviews for senior leaders and leadership development programming that is informed by EI-inspired behaviours.
The full research report and links to additional EI resources can be found here.