Why Emotional Intelligence Is Crucial for Success (Infographic) Having a high EQ is just as important as a high IQ.

By Rose Leadem

Opinions expressed by Entrepreneur contributors are their own.

Gary Burchell | Getty Images

While you might be smart and have all the right skills to succeed at your job, if you lack emotional intelligence (EQ), there's a high chance you'll struggle to fully succeed in the workplace.

Related: Why You Need Emotional Intelligence to Succeed in Business

The official definition of "emotional intelligence" is "the capacity to be aware of, control and express one's emotions, and to handle interpersonal relationships judiciously and empathetically." How you carry yourself and how you communicate with others can make or break your success at work and in life. This is especially true if you're working on a team, because succeeding together means understanding, connecting and building relationships with others. If you identify yourself as being self-aware and socially aware, then there's a good chance you've got a high EQ.

Related: 11 Signs That You Lack Emotional Intelligence

However, you'd be surprised to know just how many people lack these important EQ skills. Average EQ scores have dropped 25 points while average IQ scores have increased 25 points in recent years. While this might look good on paper, a number of advantages come with a high EQ such as employee retention, increased productivity and overall increased business profits because teammates are happy and working together.

Related: Use These 7 Emotional Intelligence Tips to Be a Better Leader

If you feel like you're lacking a good EQ, it might be time to better manage your stress, change your attitude, constructively resolve conflict and think before you speak. To learn more about the importance of emotional intelligence in the workplace, check out Initiative One's infographic below.

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'We're Not Allowed to Own Bitcoin': Crypto Price Drops After U.S. Federal Reserve Head Makes Surprising Statement

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.

Making a Change

Expand Your Global Reach with Access to More Than 150 Languages for Life

Unlock global markets with this language-learning platform.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business Ideas

Is Your Business Healthy? Why Every Entrepreneur Needs To Do These 3 Checkups Every Year

You can't plan for the new year until you complete these checkups.

Franchise

KFC Is Launching a Chicken Tenders-Focused Concept Called Saucy — Here's When and Where It Opens

The chicken chain is making a strategic pivot towards the growing demand for customizable, sauce-heavy meals.

Business News

A Government Shutdown Could Cost the U.S. Economy $6 Billion a Week, According to EY's Chief Economist

Experts from EY tell Entrepreneur that a government shutdown could leave "a visible mark" on the economy.