Stop Hiring for Insurance, Tech Smarts; Hire for EI to Find True Leaders

October 25, 2019 by Susanne Sclafane

On the second day of a two-day business and innovation event late last year, close to 2,500 executives sitting in the audience of Lincoln Center auditorium held their breath—literally—about 20 minutes into the first session. Executive SummaryAt a time when some insurance company leaders bemoan the lack of interest in our industry from the most tech-savvy individuals, and others worry about the diminishing pool of insurance experts from which to pull new hires, they may be looking for the wrong skills. Star performers in all industries are those with softer skills, according to psychologist Daniel Goleman. Hiring should be done with EI competencies in mind rather than IQ or professional experience to develop the next generation of leaders.

Executive Summary

At a time when some insurance company leaders bemoan the lack of interest in our industry from the most tech-savvy individuals, and others worry about the diminishing pool of insurance experts from which to pull new hires, they may be looking for the wrong skills. Star performers in all industries are those with softer skills, according to psychologist Daniel Goleman. Hiring should be done with EI competencies in mind rather than IQ or professional experience to develop the next generation of leaders. This article highlights key points Goleman made during a presentation to executives in all industries last year at the World Business Forum in New York City.

This article highlights key points Goleman made during a presentation to executives in all industries last year at the World Business Forum in New York City.

Only the hypnotic voice of the man on stage, Daniel Goleman, could be heard for the next minute-and-a-half: “Close your eyes. Bring your awareness to your breath,” he said.

Instructing the listeners to breathe in fully, then out, he continued to guide them: “See if you can register a sensation of either your stomach or your chest going up and down with each breath—and if ever your mind wanders away and you notice it wandering, bring it back to your breath. Don’t try to control your breath. Just let it be natural and easy. Pay your entire attention to your breath. If you see you’re having thoughts, or you’re disturbed by sounds or anything, bring your attention back to your breath. Start with the next breath…”