Reduce Runaway Talent with Emotional Intelligence
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The document discusses how a lack of emotional intelligence in managers and leaders can drive talent away and hurt projects. It states that employee turnover is a major cause of execution disruption in projects. While replacement costs can be high, the disruption to performance is difficult to quantify but can be substantial. It argues that developing self-awareness of one's emotions and how they affect others, building cooperative relationships, and responding productively to emotions are keys to applying emotional intelligence and reducing execution disruption. The solution is for managers and leaders to improve their emotional intelligence through learning and practice.
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Reduce Runaway Talent with Emotional Intelligence
- 1. ARE YOU DRIVING YOUR TALENT AWAY? THE EMOTIONAL INTELLIGENCE ELEMENT OF LEADERSHIP By Rich Wrobel (PMP) TM
- 2. PEOPLE JOIN ORGANIZATIONS FOR THE OPPORTUNITY, BUT TYPICALLY LEAVE BECAUSE OF THEIR BOSS.
- 3. REDUCE RUNAWAY TALENT! THE CHALLENGE Employee turnover is a major cause of Execution Disruption (ED) in projects. 01
- 4. There is a high-level factor that contributes to retention; it involves a positive emotional relationship between the employee and his/her manager or leader. EMOTIONAL INTELLIGENCE THE MISSING INGREDIENT 02
- 5. EMOTIONAL INTELLIGENCE 03 The ability to leverage ones emotions to positively affect employee performance and reduce Execution Disruption (ED). THE MISSING INGREDIENT
- 6. EMOTIONAL INTELLIGENCE THE MISSING INGREDIENT Impacts Behavior Impacts Satisfaction Impacts Project Value Impacts Motivation Impacts Performance Impacts Engagement 04
- 7. Replacement costs for skilled positions have the highest impact. Technical & professional turnover costs can be 75% - 150% of annual salary. TURNOVER PAIN THE COST - TAKE 1 05 [G&A Partners]
- 8. THE COST - TAKE 2 PERFORMANCE PAIN Execution Disruption (ED) is caused by: expertise loss, lost productivity, waiting, slow work and scope slip to name just a few. 06 ED costs are hard to quantify but can be quite substantial to the project.
- 9. CAUSE AND EFFECT 07 Be aware of the interrelationship between your lack of Emotional Intelligence and the loss of talent. THE UNDERSTANDING
- 10. A LACK OF EI: THE UNDERSTANDING decreases product quality, decreases service quality, **All these paths lead to Execution Disruption (ED)** weakens collaboration, erodes project commitment. 08
- 11. Set a goal to become a more effective leader or manager. DON'T LIMIT YOURSELF THE SOLUTION 09
- 12. Effective leaders and managers have LEARNED their traits. YOU CAN IMPROVE YOUR LEVEL OF EI COMPETENCE! 10THE SOLUTION
- 13. SLOW DOWN! 11 Develop self-awareness because your emotions affect your team! THE SOLUTION
- 14. LEAD THE TEAM – BE STEADY! THE SOLUTION 12 Stay in control – Assess your situation.
- 15. Ask yourself if you are applying EI. Do you shake off your bad moods? Do you build cooperative relationships? Do you respond productively to others emotions? APPLY EMOTIONAL INTELLIGENCE 13 THE SOLUTION
- 16. MANAGEMENT IS ABOUT PURPOSE AND ABOUT PEOPLE... Jocelyne Bourgon MANAGEMENT, MANAGERS AND MIDDLE MANAGERS
- 17. D I D Y O U L I K E T H I S P R E S E N T A T I O N ? P L E A S E L I K E A N D S H A R E I T . THANK YOU! RICH WROBEL (PMP)
- 18. VIEW MORE LEADERSHIP INSIGHTS:? RICH WROBEL (PMP)