Effective future leaders within organizations are sometimes hard to assess at first glance. This article by Rick Lash, the director of the Leadership and Talent practice at Hay Group, highlights our view of the ingredients of effective leadership.

Effective future leaders within organizations are sometimes hard to assess at first glance. This article by Rick Lash, the director of the Leadership and Talent practice at Hay Group, highlights our view of the ingredients of effective leadership.

Technical skills are necessary at certain levels of an organization, but as you climb the corporate ladder, Emotional Intelligence (EI) is key.

Emotional Intelligence is made up of 4 components:

Self-Awareness– being aware of your emotional state.
Self-Management– Managing the expression of emotion – the first step is self-control.
Social Awareness– Being able to read the emotional climate of other(s).
Relationship Management– Being able to effectively manage your relationships.

The outcome of many positive things result from leaders who possess this competency. Among them are openness to information (particularly feedback), engagement with their people, and open and direct, candid communication. In addition to these is the development of creative approaches to problem solving. One example of that could be the implementation of an executive governing body when the current leader (CEO, Owner, or Manager) is unable to effectively lead.

If your organization is growing or should be growing, assessing and growing emotional intelligence in current and potential leaders is essential. Assess your current workforce today to see if there are potential gems in your ranks. Those who have high emotional intelligence will be the key leaders of tomorrow.