How EQ could enhance your salary!

Why one particular year-old study could inspire you to work on your EQ! 

We recently saw a Guardian career piece pop up as a recommended read. The piece claimed that EQ (AKA ’emotional intelligence’ or ‘EI’) could be ‘the secret to a high salary’.

In order to reach this conclusion, the Amercian study explored students’ emotional intelligence and then tracked their career path over the coming decade. As you can gather from the above, the students with the greatest EI also had higher incomes.

How EQ increases earnings…

Essentially, the salary effect is achieved by understanding how others are feeling and then using this to ‘accurately motivate and influence their behaviour’. Although the idea of influencing others may sound sinister, it can also be highly positive.

The research showed that people with high emotional intelligence make many friends in their work, allowing them to tap into a wider knowledge base, which boosts their performance (and salary!).

It also proved positive from a people management/mentoring perspective, as high EQ workers are more attuned to the needs and feelings of others. Helping employees and mentees feel ‘heard’.

How is emotional intelligence actually defined?

You’ll find a full definition here. Really, it comes down to being self-aware and able to identify and help manage emotions – both your own and those of others.

Wondering how high your EQ is?

There’s no single specific EI test. However, Pyschology Today offers a fairly comprehensive free emotional intelligence test. They predict this takes around 45-minutes to complete. At the end of it, you then receive a percentage score and a brief overview; without so much as entering a name or email address. Anyone wanting to receive a full report with advice can then pay around $10 for it.

This isn’t to say everyone’s onboard with the EI-salary connection…

If you take another look at the original Guardian article, you’ll see it’s received over 90 comments. Many of which are highlighting the successes of people with questionable emotional intelligence levels!

There’s certainly truth in this, however, what’s the harm in working on your own EQ levels? Even if it doesn’t immediately (or ever directly!) increase your income, it offers many benefits.

Forbes discusses some of these.

Further reading for furthering your emotional intelligence!

  1. In a separate Forbes post, they share 5 ways to develop your EQ.
  2. Medium has an interesting question-filled article to help you to work towards a greater score.
  3. Balance also shared 9 useful steps.

One final EQ tip…read more and read differently!

Don’t only read the research and news articles that strike you as immediately relevant to your life. Get in the habit of seeing what’s happening in the world, and what other demographics are saying and feeling.

Recruitment news makes for a perfect example! There are so many studies which highlight what matters most to employees and employers, what professionals fear or strive for, the similarities and differences between different groups, and the steps we can all take to reach our goals. We publish many such stories on our News blog. Why not pick a post that you wouldn’t usually read and spend some time considering the emotions experienced by the news item/study subjects, how you feel throughout, and how you would express yourself in the given situation?

Get in the habit of doing this often and let it extend to the audio and social media that you also consume.



UK salary news roundup

Sharing three of the latest salary news items from around the web. These pieces cover the national payrise forecast, the well-paid jobs that don’t require a degree, and the possible job-switch effect…

Salary news #1: a national pay rise

Source: HR News

Half of all employers surveyed intend to offer their team a pay rise of more than 2% within the next twelve months. It’s promising to read that these findings span businesses of multiple sizes and industries.

  • What’s more, the majority of the companies offering a pay rise will do so at 5% or more (32% of businesses).
  • 12% of companies plan to increase their salary levels by 2-5%.
  • While 18% will implement a 1-2% pay rise.
  • Sadly, 2% of businesses will be forced to decrease salaries due to their ‘increasing upfront business costs’.

The article references the skills shortage as an influence. This is also discussed in The September ‘Report on Jobs’.

Salary news #2: switching jobs may lead to a higher salary

Source: Recruiting Times

A new think tank study suggests that changing jobs can enhance your salary level. This article explores short-term pay rates and suggests that, within the next few months, salaries will rise at around 2.7% growth. Here it’s stated that the pre-financial crash average was in fact 4.5%.

Conversely, those that change jobs are currently more likely to experience an 11% salary increase, which is higher than any average observed within the past seven years.

Again, this brings to mind the above-linked Report on Jobs and ongoing skills shortage. Additionally, and as the piece cites, fewer people are presently switching jobs than they were prior to the financial crisis (therefore enabling such salary advantages).

It seems prudent to remind that we’d never recommend switching jobs until you have a secure offer in place. See Day 1 of our 7 Days of Job Hunting Tips for more on this topic.

Salary news #3: the best-paying degree-free jobs

Source: HR News

Fear that not having a degree could stunt your salary prospects? Indeed has shared a round-up of jobs that don’t require a degree to earn more than the national salary average.

Note: the UK salary average is now £27,600 per annum.

Topping the list (and almost doubling the average salary) is the role of the Ethical Hacker. However, some more familiar commercial office openings also make the list, including the Executive Assistant, Sales Manager and Software Engineer.

We hope that this list will inspire you to feel more positive about your job search and future career prospects. Don’t forget to use this advice post to take your hunt to an expert level. You can also find out more about local salary levels by keeping a close eye on our jobs page.

For managers and business owners, you may be interested to read more about the influence that pay-rates currently have on our UK work culture…and how this could affect your search for your next employee!