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The Business Case for Emotional Intelligence
These are stressful, often overwhelming times we live in. It has become increasingly difficult to lead people through the rapid-fire changes that are happening all around us.
Now, more than ever, executives need to understand how to manage their own stress, and the stress level of their team. Around 350 BC, Aristotle wrote, "Anyone can become angry - that is easy. But to be angry with the right person, to the right degree, at the right time, for the right purpose, and in the right way - that is not easy."
Daniel Goleman, the guru of emotional intelligence, studied top executives at companies around the globe, and the results were stunning. He maintains in his book Working With Emotional Intelligence that "for star performance in all jobs, in every field, emotional competence is twice as important as purely cognitive abilities." Emotional competence made the crucial difference between mediocre leaders and the best. On average, he found close to 90% of the top leaders' success in leadership was attributable to emotional intelligence.
The business case for understanding emotional intelligence keeps growing. Higher EQ scores have been correlated to more ethical behavior, better decision-making, higher creativity, better customer relationships, lower employee turnover, and, of course, better financial performance.
Six Seconds is a global non-profit that teaches EQ skills. They pulled together decades of research on the topic to make a compelling case for teaching executives the principles of EQ. Their summary is compelling, and well worth reading. Click here for a free download of the full report. |
Let's Stay Connected between Newsletters ...
Did you miss our last newsletter? You can read it here. |
Here are a few of the searches we have completed since the last newsletter:
Accreditation Manager
Accounting Manager
Communications Associate
Director of Program Operations
Director of Recruiting
Employee Relations Manager
Human Resources Director
Marketing Assistant
Marketing & New Media Manager
Member Relations Director
Policy Research Specialist
Project Coordinator
Senior Benefits Manager
Senior Human Capital Consultant
Staffing Manager
VP Corporate Relations
Now, what can we help you with? If you have a staffing challenge, please feel free to call Bob Corlett directly at: 301-570-6780 or just reply to this e-mail. |
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Greetings!
If you budgeted for new positions starting January 1st, the time to start recruiting is right now. There are really only 4 good recruiting weeks left this year. Speaking of your budget, as you prepared your 2011 budget, you probably accounted for the cost of your new hires, but did you budget for replacing your current employees who might quit? When your current employees leave (and, as the job market improves, many of them will), have you budgeted for the full cost of replacing them? |
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Our Local Job Market is Heating Up
The New York Times reports that after two sluggish years the nonprofit sector is hiring again. Idealist - one of my favorite online job boards - reports that postings are almost back to "normal" (2008 levels). The Chronicle of Philanthropy also reported that employment ads doubled in their most recent issue.
A few weeks ago, CEO Update reported a sharp rise in senior staff turnover. They reported that the number of open positions posted with them is "greater than 2008, 2007, 2006, or any other year we have tracked." But it is not all turnover driven - not just a big game of musical chairs - much of the hiring we see is in support of new initiatives, and new positions related to social media.
In an article in The New York Times ("How Portable is Your Life?"), reporter Phyllis Korkki writes about the challenges in today's market of relocating to a new area to find work. She references Indeed's list of job market competition in the 50 most populous metropolitan areas in the country. Washington DC and Baltimore have the fewest unemployed people per job listing. (Las Vegas has the most.)
We're happy to report seeing a sharp increase in hiring across the board. We've completed over 70 searches so far this year, and more than half were for newly created positions; far more than I anticipated last year at this time. |
Is Your Workforce Ripe for the Picking?
A recent online survey by Jobvite concluded that 2/3 of employed Americans are open to a new job. They found that 53% of workers are "Proactive Career Managers" defined as "those not actively seeking a job, but continuously cultivating relationships and resources to increase their career opportunities."
Based upon how they conducted their survey, I think that 53% figure is overstated, but the survey is a good reminder that your most marketable employees do not have to be actively looking for a job - jobs will "find them." As I said a year ago - your best people are getting calls. |
Are You Ready for Mobile Recruiting? (Yes, Recruiting On Your Mobile Device)
Industry expert Tomi Ahonen says Mobile is the fastest growing trillion dollar industry in the history of mankind. Currently there are more mobile devices in use than there are PCs (1.2 billion), fixed landlines (1.1 billion), and TVs (1.5 billion) combined.
Mobile is big, and mobile recruiting expert, Michael Marlatt is coming to DC on December 2nd to explain it all to you - for $40. Yup, for forty bucks, you can learn how to integrate mobile into your recruiting strategies. Register today - this program is sure to sell out. Look for me in the front row. |
Is it Illegal to Fire Someone Because of a Posting on Facebook?
Social media continues to break new ground in the business world. A new lawsuit will determine what rights employees have to discuss working conditions - or to post derogatory comments about their bosses - on Facebook. The National Labor Relations Board has accused a company of illegally firing an employee after she criticized her supervisor on Facebook. An article in The New York Times says this is the first case in which the NLRB has stepped in to argue that workers' criticisms of their bosses or companies on a social networking site are generally a protected activity, and that employers would be violating labor law by punishing workers for such statements. |
10 Things Entrepreneurs Should Delegate
 In an article in Inc. Magazine, author Darren Dahl claims that too many entrepreneurs are managing tasks that should be delegated to others inside or even outside the company. He says that the more a CEO micromanages his staff and subordinates, the less productive everyone becomes. Inc. asked dozens of entrepreneurs and small business experts to list what they thought were the top 10 items that should be delegated or outsourced. (Hint: the list includes Accounting, HR, IT, Social Media, and a few surprises.) |
Giving Feedback to Millennials
Managers sometimes find it necessary to adjust their management style to communicate effectively with their youngest employees, the "millennials." On Businessweek.com, Neil Howe has 4 suggestions on how to give effective feedback to millennials. While much of what he says is true for any age group, he highlights the following:
· Don't be too theoretical. Offer details and specific instructions about how they can adjust their behavior.
· Don't simply dictate. Ask if they have ideas about what could be done differently. Make them part of the solution. |
Can You Spot a Fake Smile? (and other articles worth reading ...)
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