#113 Emotional Intelligence in Leadership - Business Bytes

In this week’s Business Bytes, Garry chats with leadership expert Daniel Tolson. They delve into the significance of emotional intelligence and health in effective leadership, debunking social media's misleading success narratives. Daniel underscores the importance of being seen and heard, adapting to new workforce generations, and hiring for attitude over skills. He advocates for a structured hiring process and robust onboarding to ensure employee success. The discussion also highlights the financial impact of poor hiring decisions and the critical role of confidence in leadership. Daniel encourages taking action and fostering resilience for long-term business success. For more information, please visit Daniel's website https://danieltolson.com/   - Watch the VIDEO of this episode by joining our tribe today at www.GarryTalks.com - Please follow Garry Talks on Instagram, LinkedIn and TikTok.  Please follow GKMedia.ie on Twitter, Instagram, Facebook, LinkedIn and TikTok.  Most importantly – please subscribe to this Podcast.   Introduction to the Podcast (00:00:00)   The host introduces the podcast and its focus on storytelling and leadership. Daniel Tolson's Background (00:00:17)   Daniel Tolson shares his experience and achievements in leadership and emotional intelligence. Health and Leadership (00:01:11)   Discussion on the correlation between health and effective leadership, emphasizing fitness and sleep. Emotional Intelligence Overview (00:03:33)   Daniel explains emotional intelligence and its significance in leadership success. Self-Awareness in Leadership (00:04:43)   The importance of understanding one's strengths and limitations in business. Self-Regulation and Resilience (00:05:46)   How leaders must maintain motivation and optimism despite facing rejection. Social Awareness and Empathy (00:06:53)   The need for leaders to understand their team's emotional makeup and individual needs. Social Regulation and Influence (00:07:51)   The role of persuasion in business success and attracting top talent. Misconceptions of Success on Social Media (00:08:03)   Discussion on how social media creates unrealistic expectations of success among young people. Long-Term Thinking in Business (00:14:16)   The value of maintaining a long-term perspective for sustainable business growth. Resilience and Frugality (00:15:03)   Successful leaders often practice frugality and resilience, focusing on sustainable profits. Avoiding Debt for Image (00:17:11)   Caution against incurring debt to impress others, emphasizing financial independence.  The Importance of Attention (00:18:36)   Highlighting the value of genuine attention in relationships over superficial appearances. The Importance of Listening (00:19:37)   People crave attention; listening can lead to successful sales and customer relationships. Hiring New Generations (00:20:39)   Generation Z and Alpha have different workplace expectations; businesses must adapt to attract top talent. Shifts in Employment Trends (00:21:37)   The new workforce will have multiple careers; focus on employability and continuous skill development. Training for Skills (00:22:08)   Hire for attitude and train for skills; most business skills take about 20 hours to learn. Identifying Trainable Candidates (00:23:15)   Assess critical thinking skills to determine if candidates are trainable; avoid hiring untrainable individuals. Bias in Hiring (00:24:10)   Hiring managers often make biased decisions; awareness of biases is crucial to improving hiring practices. The Cost of Bad Hires (00:30:48)   High turnover is costly; effective hiring processes can significantly reduce turnover and improve profitability. Confidence in Leadership (00:32:13)   Many leaders lack confidence despite their intelligence; confidence is key to pursuing dreams and success.