Emotional Intelligence

Emotional building blocks are crucial emotional skills of a person that build up their emotional intelligence capacity. Emotional building blocks are essential to any management’s ability to improve its employees’ performance and job satisfaction. The most significant building blocks which enhance job satisfaction and employee performance are emotional self-awareness, self-perception, leadership, self-actualization, and self-regard.

Self-actualization refers to the capability of a person to enhance/improve themselves as well as the awareness to pursue significant objectives and goals. Self-regard is a person’s ability to be alert and to comprehend their leadership capabilities and their self-image. All the mentioned emotional building blocks are significant to the employees, management, and to the company.

As a motivation tool, positive reinforcement is the prize for doing something excellently. This motivation tool can be used when a person remarkably performs beyond what they expect. Besides, the management can use positive reinforcement when tasks get assigned to an employee group and the administration is seeking to boost competition among an employee group. A positive reinforcement example is when a worker is offered bonuses for completing particular jobs in the workplace.

As a motivation tool, negative reinforcement is a penalty when one fails to do something or when one does something poorly. The management can use this motivation tool when the workers perform poorly in their obligations. Also, the management can employ negative reinforcement when workers are hesitant to do compulsory tasks in the place of work. Besides, negative reinforcement can get utilized when workers break the organization’s procedures and policies. A good example is when workers get penalized for getting late to work.

Emotional Intelligence, Social Skills, and Decision Making

Social skills in emotional intelligence refer to the skills that are needed to handle and also to influence other individuals’ emotions efficiently. Thus, the core emotional intelligence concepts could get utilized to improve the management’s social skills. The core emotional intelligence concept could additionally get employed to develop the efficacy of decision-making of the management. Besides, they are very crucial for the administration, the employees, and the company in its entirety since it enhances its performance.  Moreover, the social skills required for the management and any leader comprise communication skills, persuasion and influencing skills, team-working skills, conflict management skills, and rapport skills.

Influencing and persuasion skills are extremely crucial in getting all things done. Management can utilize this skill in persuading other directors or managers to engage in investments as well as other strategies that will benefit the company. This skill may also get utilized to influence the workers to carry out tasks excellently and diligently.

Besides, communication skills are very crucial for managers/directors. Communication is significant for any administration when conveying information to the workers. It is crucial for the management to efficiently communicate since it will make the employees perform excellently and will also not get mixed up in the process of conducting their duties.

Furthermore, the management needs to have conflict management skills. The skills are needed to resolve all issues in the organization that may lead to conflict and also contributes to poor performance in both the employees and the management in the organization.

Team-working skills are required for the management to function and work successfully with other employees and managers in the company. Teamwork is extremely crucial because it improves the performance of the managers, employees, and the entire company.

Effective teams

It is not that simple to attain an effective team.  This is because the fact that an effective team needs various building blocks to get set up. Additionally, an effective team requires several team dynamics to be advantageous to the company. The team dynamics and building blocks needed to establish an effective team that comprises appropriate leadership, clear objectives, effective communication, balanced responsibilities, individual development, and cooperation. All these features are essential when establishing an effective team. In the clear objectives aspect, the team objectives ought to get agreed upon by the team leader and all the members of the team. Besides, the whole team ought to completely comprehend the team’s objectives. The team members should have ideas on how to positively add and contribute to accomplishing the team’s goals.

Appropriate leadership happens to be very vital for all teams to perform successfully. The team leaders must have leadership qualities that instill self-confidence in the whole team. Moreover, the members of the team ought to feel that their leaders are proficient to carry out their duties. The leaders ought to get trusted by the team. Furthermore, the members of the team should feel that their team is getting led excellently by the leaders.

Also, balanced responsibilities positively add up to the effectiveness of the team. In all teams, every member possesses a unique skill set that allows them to perform excellently in various functions as compared to the other members of the team. Consequently, this aspect must get tapped so that all team members are given duties that they are able to carry out excellently. This is similar to the specialization case where tasks get allocated as per a person’s skills. Responsibilities must thus be balanced so that no employee tends to feel left out or overworked.

Just like in all organizations, effective teams need effective communication. Communication ought to be effective and productive in the team’s ranking up and down and among the members of the team. In the event of any task allocations and meetings, communication ought to be clear to make the task allocations and meetings productive.

Individual growth and cooperation are also extremely essential for all effective teams. The team members should grow as a team and also as individuals since it boosts the effectiveness and strength of the team because the entire team and the individuals are growing and empowered.

Strategies have to get established so that the attributes get enhanced in all teams. The management should select team leaders who are effective and capable. The leaders are going to identify the teams’ strengths and work on strengthening them more. The leaders must additionally identify all the teams’ weaknesses and establish mechanisms to improve and alleviate the weaknesses. Besides, the management must create teams as per the different capabilities of the team members so as to enhance the performance of the team as well as that of the individuals. Selecting members of the team with distinct skills also guarantees that nobody feels overworked or overshadowed by the other person.

Reward Systems

It is very important to have an effective reward system in a performing organization since it serves to inspire the team members, which in turn boosts the organization's and the employees’ effectiveness. A motivated employee is a crucial organization asset. A reward system should include both negative and positive reinforcement because this doesn’t make workers feel as if they are getting compelled to work. Instead, it makes them feel important and appreciated in the company. Also, reward systems incorporate extrinsic and intrinsic rewards. Intrinsic rewards are the rewards that a person gives themselves and gets driven by their personal interests in an employee’s work.  Alternatively, extrinsic rewards are the rewards that are tangible and get administered when another individual feels that a person has done a good job.

Many organizations prefer extrinsic rewards because they are simple to oversee and administer and can cut across several skills and duties possessed by the company’s employees. The most fundamental and most proficient reward systems are the annual/end-of-year bonus and the gold star systems. A company can utilize any of the above two systems or they can combine the systems based on their monetary capabilities.

In the gold-star system, workers get rewarded with stars every time they attain a responsibility brilliantly. Each star has a particular monetary value.  When the workers are getting paid, or during the completion of the financial year, they may cash out the stars they have into real money. However, rules must get established to govern the instances that need the workers to get rewarded and as well what gets considered as being an excellent performance.

The year’s end bonuses, the workers get rewarded with various bonuses which are a company’s net income shares. A particular net income portion is dedicated to the workers and gets divided amongst them as per their attainment of the major performance indices based on their employment contracts. Also, in this system, the organization can reward employees with organization stock according to their attainment of the key performance indices, which is particularly appropriate to the management.

Executive Summary

Some factors are very significant in enhancing the performance of a company. The factors include motivation, emotional intelligence, establishing an effective reward system, social skills, decision making, and effective team building.

Emotional intelligence building blocks which improve motivation should get included in both the employees and the management. These qualities are needed to enhance the management and employees’ quality of work. An inspired workforce is significant for all organizations. An organization must look into various ways to adapt and instill these attributes in their employees or hire employees with these qualities. The attributes include leadership and self-perception, self-actualization, self-regard, and emotional self-awareness.

Social skills, decision-making, and emotional intelligence are crucial factors for all managers. Managers have to build up social skills in emotional intelligence so as to influence excellent decision-making. It is crucial that they improve their social skills to positively influence all the employees in the organization. The company must look to build a management system that has social skills that comprise persuasion and influencing skills, rapport skills, communication skills, team-working skills, and conflict management skills.

Effective teams are significant for the excellent performance of all companies. The company should look to enhance effective teams which must have appropriate specialized team members and trustworthy leaders. Other effective teams’ building blocks include effective communication, balanced responsibilities, individual development, and mutual cooperation.

A company should establish an effective and strong reward system since it assists to motivate employees, which in return enhances the workers’ performance and the improvement of the organization. Basic reward systems’ examples utilize financial and stock rewards. Stock rewards are most suitable for the management whereas financial rewards are best for the workers.  The organization can form its reward system by basing it according to its financial capabilities and policies